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January 2019

Technical Analysis 11.01.2019

EURUSD

The pair is still in uptrend as the Fed is expected to stop interest rate hikes. Today’s US consumer inflation data may trigger its further growth. If the data confirms the trend of slower inflation, the pair may continue its local growth.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is indicating weaker growth. Stoch are growing and passing the level of 50%.

Trading recommendations:

If the pair goes above 1.1535, it may continue further up to 1.1615.

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