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11:04
EURUSD Technical outlook and recommendations 30/10/2019

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EURUSD pair is trading above the 1.1100 mark in anticipation of the Fed's decision on monetary policy. If the US regulator benefit from it to understand that today's rate cut will be the last in the foreseeable future, this could lead to a reversal of the pair down. 


The price is above the average indicator Bollinger border lines above SMA SMA 5 and 14. RSI RSI is located above the level of 50% horizontally moves. Stoch unfold downwards overbought. 

 

 

 

EURUSD recommendations of the Trade: 

We consider it possible to sell the pair evro.dollar after its decline below 1.1100 to likely targets 1.1070 and 1.1030.

 

 

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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