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EURUSD forecast and trading recommendations 05/11/2019

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Pair EURUSD remains in the range of 1.1070-1.1175. Yesterday's presentation of a new ECB President C. Lagarde disappointed investors, as it is in his first speech touched the theme of prospects for the monetary policy of the bank, leaving the situation in limbo because of the continuing disagreement within the bank on the need for further implementation of loose monetary policy. 


EURUSD is below the average indicator Bollinger border lines below SMA 14. SMA 5 and RSI RSI is located under the level of 50% horizontally moves. Stoch pereprodannosti exit the zone. 

 

 

 

EURUSD today recommendations of the Trade: 

We believe that the EURUSD pair needs to sell, after its intersection 1.1120 level with a view to the local 1.1070.

 

 

Analytics Grand Capital

 

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.

 

 

 

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