years on the market

EURUSD Technical Analysis 18.10.2016

EURUSD

The pair has corrected up amid profit taking, but if the US consumer inflation numbers are high, it will put the pair under a fair amount of pressure.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides lower than 50% level and turning down. Stoch are leaving the overbought zone.

Trading recommendations: Sell the pair once it's fallen below 1.1000 amid the positive data from the US, considering its further fall first to 1.0965 and then to 1.0900.

Other reviews

Choose your language