Technical analysis 09.10.18

EURUSD

The pair is trading below 1.1500. It’s affected negatively by the likelihood of escalating debt crisis in Italy and Greece, while the USD positions grow stronger amid the continuing US government bonds rally.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is reversing downwards while still trading flat. Stoch indicate slower growth.

Trading recommendations:

The pair’s inability to rise above 1.1500 may result in its local drop down to 1.1440.