years on the market

Technical Analysis 22.03.2019

EURUSD

The pair remains in a short-term uptrend due to the USD’s weakness caused by the Fed’s attitude towards the possible interest rates hike in the future.

The price is above the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the level of 50% and is moving horizontally. Stoch are growing.

Trading recommendations:

Buy the pair after is passes 1.1395 with a local target of 1.1435.

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