years on the market

Technical analysis 30.07.18

EURUSD

The pair remains within the range of 1.1585–1.1745 due to mixed factors that let it neither grow not fall. The tendency is likely to remain for a considerable period of time.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is reversing downwards. Stoch are in the oversold zone and are also reversing downwards.

Trading recommendations:

If the price goes below 1.1650, it may go further down to 1.1600.

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