Technical Analysis 22.08.18

EURUSD

The pair is hanging on the 1.1560 level, awaiting the results of the trade tariffs meeting between the US and China. If the results are negative, the pair is likely to continue falling.

The price is higher than the middle Bollinger band, lower than SMA 5 but higher than SMA14. RSI is crossing the line of the overbought zone, signals to SELL. Stoch are uninformative.

Trading recommendations: 
If the price falls lower than 1.1560, it may cause the price to fall down to 1.1490.