EURUSD
The pair remains at 1.1860 mark following the last two days’ growth after the release of the Fed’s latest meeting minutes. But today the situation may change and if the price doesn’t pass 1.1860 mark, it’s likely to reverse downwards.
The price is above the upper Bollinger band, on the level of SMA 5 and above SMA 14. RSI moves horizontally below the overbought zone. Stoch are leaving the overbought territory.
Trading recommendations:
If the price falls below 1.1840 mark, it’s likely to go further down to 1.1715.