years on the market

Technical Analysis 26.03.2019

EURUSD

The pair is consolidating above 1.1300 while remaining under pressure due to the expected recession in Europe and the uncertainty surrounding the Brexit outcome.

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

Trading recommendations:

Sell the pair after it goes below 1.1300 with a possible target of 1.1220.

Other reviews

Choose your language