years on the market

Technical Analysis 18.02.2019

EURUSD

The pair is passing the level of 1.1300 after reaching a local maximum, as the ECB is expected to make its monetary policy more strict this year.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is passing the level of 50% while reversing downwards. Stoch also indicate the possibility of reversing downwards.

Trading recommendations:

Sell the pair after it crosses 1.1300 with a possible target of 1.1250.

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