The pair is corrected down in opposition to the robust native overboughtness in anticipation of the Fed's financial coverage assembly final result. It could decline in the present day earlier than getting a brand new increase for progress. Technical facet: The worth is above the centre Bollinger band, above SMA 5 and SMA 14. RSI is popping out of the overbought zone. Stoch additionally turned down. Buying and selling suggestions: If the pair doesn’t maintain above 1.1710, it'll fall to 1.1635, which is able to correspond to a 23% pullback on Fibonacci.