EURUSD
The pair is above 1.1820 mark and may resume its local decline if today's consumer inflation data turns out to be better than predicted, as was the case with yesterday's release of industrial inflation data.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the overbought zone. Stoch have reversed upwards.
Trading recommendations:
If the US data turns out to be strong, the pair will drop. After passing 1.1820 level it's likely to go further down to 1.1720.
Author: Semyon Kamensky