years on the market

Forex: technical overview 02.02.18

EURUSD

The has risen to the upper border of the range of 1.2360–1.2500. It may reverse downwards against the background of the positive news from the US employment market.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is above the level of 50% and is smoothly moving down. Stochastic oscillators are in the overbought zone and are reversing downwards.

Trading recommendations:

The pair may go down to 1.2360 against the backdrop of the positive news from the US.

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