The pair remains in short term downtrend amid the ECB monetary policy, another spin of the Greek crisis and the possible US interest rate hike in March.
The price is lower than the middle Bollinger band, higher than SMA5, but lower than SMA14. RSI resides under 50% level and moving horizontally. Stoch are non-informative.
Trading recommendations: If the US CPI and retail sales data is not worse than expected, it may cause further fall. If the price falls lower than 1.0570 it will cause further decline to 1.0500.
Cookies are short reports that are sent and stored on the hard drive of the user's computer through your browser when it connects to a web. Cookies can be used to collect and store user data while connected to provide you the requested services and sometimes tend not to keep. Cookies can be themselves or others.
There are several types of cookies:
So when you access our website, in compliance with Article 22 of Law 34/2002 of the Information Society Services, in the analytical cookies treatment, we have requested your consent to their use. All of this is to improve our services. We use Google Analytics to collect anonymous statistical information such as the number of visitors to our site. Cookies added by Google Analytics are governed by the privacy policies of Google Analytics. If you want you can disable cookies from Google Analytics.
However, please note that you can enable or disable cookies by following the instructions of your browser.