Analytic reviews

EURUSD

The pair consolidates awaiting for the U.S. GDP report. Weak numbers can lead to continuous upward correction which will take the pair to 1.1010 level. But if the price stays lower than 1.1000, it is quite possible that the downside movement will continue, despite the local oversold.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI index is leaving the oversold zone and growing. Stoch are turning upwards.

Trading recommendations: Sell the pair while it is rising if it stays higher than 1.1000 level with local targets of 1.0900 and 1.0845-50.

EURUSD

The pair consolidates awaiting the interest rate announcement from Fed. It is expected that the rates will remain at the same level which can support the pair and lead to a local raise. In this case it is better to sell the pair as the ECB stimulus program expansion is being expected in December. 

The price is lower than the middle Bollinger band, but higher than SMA 5 and SMA 14. RSI index is above the overbought zone and rising slowly. Stoch is taking a turn upwards.

Trading recommendations: It is better to buy the pair when it is announced that the interest rate will remain unchanged with local target of 1.1085 and then 1.1145.

EURUSD

The pair is slowly rising as investors restrain from active trading awaiting FOMC meeting which will take place later today and tomorrow.

The price is lower than the middle Bollindger band, but higher than SMA 5 and SMA 14. RSI index is above the oversold zone and is turning down. Stoch is entering overbought zone.

Trading recommendations: The pair may go up touching 1.1085 or even 1.1045 level before it starts its fall reaching 1.000 and then 1.0925 level.

EURUSD

The pair is moving up from the 1.1000 support level it reached after the steep fall at the end of last week, which was caused by the expectations about ECB stimulus program expansion in December.

The price is lower than the middle Bollinger band, but higher than SMA 5 and at the same time, lower than SMA 14. RSI index is in oversold zone and is turning upwards. Stoch is leaving the oversold zone.

Trading recommendations: The pair may either reach the 1.1085 level or go further to 1.1045 before it goes down reaching 1.1000 and then 1.0925 levels.

EURUSD

The uncertainty reagrding the future of stimulus program is pushing the pair down. If the decision to expand the program is positive, the pair can fall under a great pressure as it happened last month after the ECB meeting.

The pair is on the lower Bollinger band and also lower than SMA 5 and SMA 14. RSI index is under 50% level and signals the downside trend. Stoch is in the oversold zone.

Trading recommendations: After 1.1305 level is passed the price will likely fall till 1.1225.

EURUSD

The pair consolidates expecting this week’s ECB meeting results. If Mario Draghi will imply the further stimulus program expansion, strong local pressure on the pair can be expected.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI index is under 50% level and moving horizontally. Stoch is also under 50% level.

Trading recommendations: The pair will most likely consolidate in a narrow range, but depending on Draghi’s speech, it can fall to 1.1265 level after 1.1345 is passed.

EURUSD

The pair fell sharply under 1.1460 level following the ECB Nowoty comments related to the the central bank stimulus program expansion. If the US consumer inflation data won’t be worse than expected, a further fall can be expected.

The price is higher than the middle Bollinger band, lower than SMA 5, but higher than SMA 14. RSI index is under overbought level and moving horizontally. Stoch left the overbought zone and signals that the price will go even lower.

Trading recommendations: It is better to sell the pair as long as the US consumer inflation data is positive with local target of 1.1385

EURUSD

Continuous weakness of the US Dollar keeps pushing the pair up. The fact that the major investors do not tend to take risks and European stocks lowering their positions also play a role in the quote formation.

The pair is higher than the middle Bollinger band and higher than SMA 5 and SMA 14. RSI index is under overbought level and moving upwards. Stoch is entering overbought zone.

Trading recommendations: It is better to buy the pair with local target of 1.1455-60.

EURUSD

The pair is rising supported by the same weakness of the US Dollar and unlikeliness of interest rate hikes this year. ECB is also not rushing stimulus program expansion.

The price is higher than the Middle Bollinger band and higher than SMA 5 and SMA 14. RSI index is under overbought level and moving upwards. Stoch is also rising up.

Trading recommendations: Buy the pair with a local target of 1.1455-60.

EUR USD

The pair remains lifted due to the weakness of the US Dollar and the fact that US interest rates will not be increased till the end of the year and, possibly, in the beginning of the next one.

The price is at the upper Bollinger band and higher than SMA 5 and SMA 14. RSI index is under overbought level and moving horizontally. Stoch is in overbought zone.

Trading recommendations: The pair has all chances to continue rising to 1.1460 but in order to make it, it has to pass 1.1385 level. It is possible that it will not happen today because of the low investor’s activity and due to a public holiday in the US – Columbus day.