The decline of euro was caused by Mario Draghi's speech last Friday, when he indicated that the eurozone's economy was in need of stimulation.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is declining and is below 50% level. Stoch are entering the oversold zone.
Trading recommendations:
If the pair falls below 1.1800 mark, it's likely to go further down to 1.1685.
Author: Semyon Kamensky
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is declining and is below 50% level. Stoch are entering the oversold zone.
Trading recommendations:
If the pair falls below 1.1800 mark, it's likely to go further down to 1.1685.
Author: Semyon Kamensky
Get Bonus No Deposite in your Trading Account now and add this currency pair to your forex portfolio, enjoy your trading with us!
No comments:
Post a Comment