years on the market

Technical Analysis 28.03.2019

EURUSD

The pair is trading above 1.1250, while remaining in a short-term downtrend due to the expected recession in the eurozone and the Brexit situation.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the oversold territory and is moving horizontally. Stoch are trying to reverse upwards.

Trading recommendations:

Sell the pair after it goes below 1.1250 with a possible target of 1.1185.

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