EURUSD
The pair has found support on the level of 1.2290 as it’s still uncertain what the ECB is going to do with the economic stimulus program this year. The uncertainty on the markets also keeps the pair from going either upwards or downwards.
The price is below the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is testing the level of 50%. Stoch are also growing.
Trading recommendations:
The pair is likely to remain within the range of 1.2290–1.2435, but there’s a chance of a local growth up to 1.2435.