EURUSD
The pair is trading above 1.1220 as the USD rate is getting stronger due to the expectation of the Fed raising interest rates not only in December, but also for the next two years. It’s also under pressure because of the Italian debt crisis threatening to erupt again.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving within the oversold territory. Stoch are also there.
Trading recommendations:
If the pair passes 1.1220, it may drop further to 1.1150.