EURUSD
The pair is traded above 1.0740 level pending the release of American GDP final figures for the fourth quarter. Another factor is the Fed’s Evans, Rosengren and Williams announcing the rate increase by four times in total this year.
The price is below the middle Bollinger band, at the level of SMA 5 and below SMA 14. RSI is below 50% level and moves horizontally. Stoch are above the oversold zone.
Trading recommendations:
The falling of the price below 1.0740 level may lead to its further sinking down to 1.0700 or even to 1.0650 level.