EURUSD
The pair reversed downwards following the release of strong data on the consumer inflation in the US. It’s possible that if today’s consumer inflation data in eurozone don’t indicate any growth or even drop, the pair will continue falling.
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is falling. Stoch are entering the oversold zone.
Trading recommendations:
If the pair goes down below 1.1775 mark, the price may fall down to 1.1660.