years on the market

Forex: technical overview 07.02.18

EURUSD

The pair has fallen down to the lower edge of 1.2360–12500 range. The lowering may resume in case of a sell-off of risk assets on the markets.

The price is below the middle line of the borders of Bollinger bands, above EMA 5, but below EMA 13. RSI is below the level of 50% and is moving horizontally. Stochastic oscillators are going up.

Trading recommendations:

If the pair goes below 1.2360, it’s likely to go further down to 1.2285.

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