years on the market

EURUSD Technical analysis 11.12.17

EURUSD

The pair is still under pressure as the Fed is expected to raise the rates, while the ECB doesn’t announce a change in its monetary policy. The price may resume its growth after a small correction upwards.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is moving horizontally. Stoch are entering the overbought zone.

Trading recommendations:

If the pair doesn’t rise go above the mark of 1.1785, it’s possible to resume its falling down to 1.1700.

Other reviews

Choose your language