EURUSD
The pair is in downtrend against the backdrop of the ongoing political crisis in Italy and Spain. The expected raise of the interest rates in the US also puts the pair under pressure, which strengthens the positions of the USD.
The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is at the level of the oversold zone. Stochastic oscillators aren’t informative.
Trading recommendations:
If the price falls below 1.1525, it’s likely to go further down to 1.1420.