EURUSD
The pair is trading below 1.1150. If today’s US GDP data is not weaker than predicted, the pair may pass this level. In the opposite scenario, it may continue the local decline.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is leaving the oversold territory. Stoch indicate an uptrend.
Trading recommendations:
Sell the pair as it’s growing, approximately from 1.1150 or after it goes below 1.1125 with a possible target of 1.1100 or even further down to 1.1085.a