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EURUSD Technical analysis 09.11.17

EURUSD

The pair is likely to remain in the range until the end of the week as there are no important events and economic statistics data. But ultimately there’s a possibility of its falling.

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

Trading recommendations:

Sell the pair at the growth from 1.1660, trading in the range with a possible target of 1.1550 and a possible drop down to 1.1475.

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