EURUSD technical analysis 27.01.2020

The pair is trading above the level of 1.1020 remaining under pressure due to the ECB's unclear monetary policy decision, as well as the falling demand for risk assets amid the coronavirus epidemic in China.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located above the oversold zone and moves horizontally. Stoch are growing.

Trading recommendations:

Sell the pair after it crosses the level of 1.1020 with a likely decline to 1.0980.