EURUSD
The pair is trading above the level of 1.2280 as the investors lose interest in the USD prior to this Wednesday’s release of the consumer inflation data in the US. There’s a possibility of a local growth for the pair.
The pair is on the upper line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is crossing the level of 50%. Stochastic oscillators are entering the overbought zone.
Trading recommendations:
The pair may go up to 1.2360.