EURUSD
The pair rolled back downwards after the local maximum point following yesterday’s unfavorable news on the economy of Germany and the eurozone. The pair may continue falling if today’s US economy data proves positive.
The price is above the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is above the level of 50% and is reversing downwards. Stoch are reversed upwards.
Trading recommendations:
In case of favorable news from the US, the pair may go down to 1.2345.