years on the market

Technical analysis 11.07.19


The pair has frozen below 1.1280 in anticipation of the US inflation data and the ECB monetary policy meeting minutes. If the inflation figures are in decline, it will support the pair.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is reversing downwards. Stoch are inside the overbought territory and aren’t informative.

Trading recommendations:

Buy the pair after it goes above 1.1280 with a possible target of 1.3250.

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