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EURUSD Technical Analysis 21.02.2017

 EURUSD

The pair has fallen lower than 1.0600 amid the P. Harker's comment that he may vote for the interest rate increase by another 0.25% – up to 1.0% during the March meeting. 

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI RSI resides under the 50% level and lowering. Stoch are in the oversold zone.

Trading recommendations: If the price rises higher than 1.0600, further fall to 1.0530 and then to 1.0500 can be expected.

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