Steemberg: Trading recommendation EUR/USD
The pair has stopped rising awaiting for the ECB decision on the monetary policy. If the ECB doesn't mention the stimulus measures, it may put the pair under a local pressure.
The price is higher than the middle Bollinger band, higher than SMA 5 and SMA 14. RSI resides higher than the 50% level and turning downwards. Stoch are entering the overbought zone.
Trading recommendations:
Sell the pair if the ECB announces no changes to the stimulus measures.
In this case the pair may fall to 1.0700.
All published materials, including the data, quotas and charts are for information purposes only.
This material does not constitute and should not be understood as not to constitute investment advice or a recommendation to buy or sell any financial instrument nor the Council with implementing any transaction nor any other legal act. Published Steemberg information obtained from sources believed to be reliable and accurate
,
but there is no guarantee that this is the case
. Information, data or opinions contained herein are subject to change without notice.
Steemberg team bears no responsibility
or guarantee the accuracy, timeliness, adequacy and completeness of the material nor for any loss or damage of any kind, including without limitation, loss of profit, which may arise directly or indirectly from use of or reliance on the material .
Past or simulated achievements of the past is not a reliable indicator of future results, as no indicator forecasts are not a reliable guide to future developments. The published material is not prepared in accordance with the legal provisions already promoting the independence of investment research
and is not subject to any prohibition is already an expansion of
investment research
.
Steemberg reports:
- always follow market developments closely
- always here to help you with technical analysis
- your personal opinions investigator on the market
- gives you a report on current developments in the market
If you want to support Steemberg team, please feel free to FOLLOW, UP VOTE and COMMENT.
Also you can find us on tweeter and #steemberg
:(
?