31.01.2019
EURUSD
The pair is trading above 1.1485 following the Fed meeting results that indicated the regulator’s willingness to make a pause in interest rates hike and to proceed with it more carefully in general.
The price is on the upper Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone and is reversing downwards. Stoch are also in this territory and indicate slower growth.
Trading recommendations:
Buy the pair at is likely correctional drop from 1.1485 with a target of 1.1560.
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