Technical analysis 03.06.19

EURUSD

The pair is still trading flat in anticipation of this week’s ECB monetary policy meeting. The market is also waiting for important economic indicators in the US.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI has reversed downwards, Stoch have also turned down.

Trading recommendations:

If the pair passes 1.1160, it will continue down to 1.1120. At the same time, passing 1.1180 may trigger a local growth to 1.1215.