Technical Analysis 21.03.2019

EURUSD

The pair is trading above 1.1400 as the Fed decides to abandon the interest rates hike policy for this year, which is likely to have a significant impact on the USD rate. The pair’s local growth in the short term is expected.

The price is on the upper Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is indicating slower growth. Stoch aren’t informative.

Trading recommendations:

Buy the pair at its probable decline from 1.1400 with a local target of 1.1500.