EURUSD
The pair keeps consolidating amid the reports of slowdown in Germany, the leading economy of the eurozone. The continuing overall negative sentiment will further the pair’s local fall.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold territory and is moving horizontally. Stoch are reversing downwards.
Trading recommendations:
If the price drops below 1.1385, it will go further down to 1.1335.