EURUSD technical analysis 07.02.2020

The pair is trading below 1.0990. The expectation of strong US employment data will lead to a further drop of the pair.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI entered the oversold zone. Stoch turn down.

Trading recommendations:

Sell the pair with a likely target of 1.0925.