EURUSD is trading just above the support level of 1.1765. There is a high probability of the beginning of its correction, since all the important reasons for its growth, which were on the market, have already been fully played out. From a technical point of view, EURUSD is noticeably overbought and any positive for the dollar could push it down.
Technical picture EURUSD: The
price is above the middle line of the Bollinger indicator, above the SMA 5 and SMA 14. The relative strength index RSI is turning down below the overbought zone. Stoch indicate weakening of price growth. The oscillators show the effect of divergence of prices and indicators.
EURUSD course online.
Recommendations for trading EURUSD trading plan: A
decline in the EURUSD pair below the level of 1.1765 will become the basis for its correctional fall to 1.1700 or even lower to 1.1635.
Analytics Grand Capital
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