EURUSD technical analysis
The pair is trading in a fairly narrow range of 1.1870-1.1990 waiting for the FED’s final decision on monetary policy, which will be published at the end of the meeting on Wednesday. Most likely, until this moment, the pair will remain consolidating in this range.
Technical side:
The price is located just below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level. Stoch are turned down.
Trading idea:
Buy the pair on its decline with its likely increase to 1.1990.
