Technical analysis 02.09.2019

EURUSD

The pair is consolidating above 1.0980 amid the disagreements in the ECB over the monetary policy.

The price is below the middle Bollinger, below SMA 5 and SMA 14. RSI is located in the oversold zone and moves horizontally. Stoch are not informative.

Trading recommendations:

Sell the pair with a local target of 1.0900 after its decline below 1.0980.