Forex: technical overview 14.03.18

EURUSD

The pair is consolidating within the range of 1.2290–1.2425 as Mario Draghi is expected to deliver a speech, while the release of the US industrial inflation and retail data is also anticipated.

The price is above the middle line of the borders of Bollinger bands, below EMA 5, but above EMA 13. RSI is reversing downwards. Stoch are in the overbought zone.

Trading recommendations:

If the US data are strong, the pair may go down to 1.2290.