EURUSD Technical analysis 02.10.2015

EURUSD

The pair is experiencing a slight fall awaiting Non-Farm data release. Further fall is possible if the data is highly positive. If not, Euro could strengthen its positions against US Dollar.

The price is lower than the middle Bollinger band, lower than SMA 4 and SMA 14. RSI index is lower than 50% level and keeps going down. Stoch is in reversed position and indicates a stronger falling tendency.

Trading recommendations: Sell the pair if we hear the good news from the US after 1.1135 level is reached with local target of 1.110, keeping in mind that it could possibly fall reaching 1.100-10 levels.