EURUSD
Yesterday the pair spiked as the results of the Fed’s monetary policy meeting are expected to be quite predictable. If today’s ECB meeting doesn’t bring anything new, the pair is expected to reverse downwards.
The price is below the upper Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought zone and is reversing downwards. Stoch have already entered the overbought territory and indicate a weakening of growth,
Trading recommendations:
Following the results of the ECB meeting, the pair may fall down to 1.1775.