EURUSD
The weak data of the industrial business activity index in Germany negatively affected the pair and it dropped to the support level of 1.1365. It’s supposed that if the eurozone’s indicators show the same values, the pair will continue its local fall.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI has crossed the level of 50% and suggest selling. Stoch are moving down.
Trading recommendations:
If the price goes below 1.1365, it may drop locally to 1.1300.