Forex: technical overview 15.03.18

EURUSD

The pair is consolidating within the range of 1.2290–1.2425 amid the looming government crisis in the US, while the Fed next meeting’s results are expected to be released next week.

The price is above the middle line of the borders of Bollinger bands, on the level of EMA 5 and EMA 13. RSI is flat. Stoch are growing.

Trading recommendations:

The price is expected to remain within the range of 1.2290–1.2425.