06.02.2020
The pair is trading above 1.0990 amid the positive US employment data released by ADP on Wednesday. The pair may correct upward, but is likely to continue dropping due to the probably strong new jobs data to b realeased by the Department of Labor on Friday.
The price is below the middle Bollinger band, at SMA 5 and below SMA 14. RSI lies at the border of the oversold zone. Stoch are turning up in this area.
Trading recommendations:
Sell the pair as it’s growing or after goes below 1.0990 with a likely target of 1.0945.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
