16.01.2019
EURUSD
The pair is consolidating as the ECB is no longer expected to hike interest rates this year. This sentiment is caused by the ECB head Mario Draghi’s speech, which wasn’t promising for the euro.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold territory. Stoch aren’t informative.
Trading recommendations:
The inability of the pair to go above 1.1415 may result in a local reversal and drop to 1.1335.
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