Technical analysis EURUSD 12.10.2015

EUR USD

The pair remains lifted due to the weakness of the US Dollar and the fact that US interest rates will not be increased till the end of the year and, possibly, in the beginning of the next one.

The price is at the upper Bollinger band and higher than SMA 5 and SMA 14. RSI index is under overbought level and moving horizontally. Stoch is in overbought zone.

Trading recommendations: The pair has all chances to continue rising to 1.1460 but in order to make it, it has to pass 1.1385 level. It is possible that it will not happen today because of the low investor’s activity and due to a public holiday in the US – Columbus day.