21.12.2017
EURUSD
The pair is correcting downwards after reaching a local maximum point following Donald Trump’s decision to postpone the passing of the new tax code until the beginning of the next year. It’s quite likely to continue falling.
The price is above the middle line of the Bollinger bands’ borders, above EMA 5 and EMA 13. RSI is below the overbought zone and is reversing downwards. Stochastic oscillators are falling.
Trading recommendations:
If the pair falls below the mark of 1.1860, there’s a possibility to go further down to 1.1800.
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