The pair is trading below 1.1075 in anticipation of the minutes of the latest Fed’s monetary policy meeting, along with a speech by the ECB head Christine Lagarde to be delivered this Friday.
The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is located above the level of 50% and gradually decreases. Stoch are dropping.
Trading recommendations:
A price drop below 1.1060 will be a signal to sell the pair with a likely target of 1.1000.