Technical Analysis 01.04.2019

EURUSD

The pair is consolidating below 1.1240. It may continue falling if today’s PMI data in eurozone indicates decline again.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and indicates weaker growth. Stoch are rising.

Trading recommendations:

Sell the pair following the weak eurozone data with a possible target of 1.1185.