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EURUSD Technical analysis 17.11.17

EURUSD

It seems today the pair will remain within the range of 1.1575–1.1880, as there’s still an uncertainty regarding the passing of the new tax reform in the US. It’s a significant factor that causes the delay in the further strengthening of the US dollar’s positions on currency markets.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI moves horizontally. Stoch are leaving the overbought zone.

Trading recommendations:

Sell the pair at its growth with a target level of 1.1575.

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