Technical Analysis 27.08.18

EURUSD

The pair is reversing down after the Friday's rise that happened after Powell's speech in Jackson Hole. The problem of trade wards and the possibility of debt crisis spreading to Italy will probably put the Euro under pressure. 

The price is higher than the middle Bollinger band but lower than SMA 5 and still higher than SMA 14. RSI has reversed downwards. Stoch also signal to SELL.

Trading recommendations: 

If the price falls lower than 1.1600, it may fall locally down to 1.1500.