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EURUSD Technical analysis 03.11.17

EURUSD

The pair is trading at the level of 1.1665. If the US data on the number of new workplaces in non-agricultural sector turns out to be positive, USD will receive support, in which case the price may experience a local decline.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above 50% level and moves horizontally. Stoch are reversing downwards.

Trading recommendations:

If the US data turns out to be positive, the pair may fall down to 1.1550.

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