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EURUSD Technical Analysis 03.03.2017

EURUSD

The pair remains under the 1.0525 level while waiting for Yellen's speech. If there is a signal that the interest rate may be increased in March, the pair will continue falling.

The price is lower than the lower Bollinger band, higher than SMA5, but lower than SMA14. RSI resides lower than 50% level and moving horizontally. Stoch are rising.

Trading recommendations: If the price falls lower than 1.0500, it may cause further fall to 1.0450.

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