Technical analysis 07.08.18

EURUSD

The pair is trading above 1.1550. It started recovering after the USD profit taking. It’s quite likely to partially recover today.

The price is below the middle Bollinger band, above SMA 5 and SMA 14.RSI is above the oversold zone and indicates this is a good time to buy. Stoch are growing.

Trading recommendations:

The pair has passed 1.1560, which means there’s now a possibility of a local growth to 1.1615.