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EURUSD Technical analysis 27.10.2015

27.10.2015

Market Review

EURUSD

The pair is slowly rising as investors restrain from active trading awaiting FOMC meeting which will take place later today and tomorrow.

The price is lower than the middle Bollindger band, but higher than SMA 5 and SMA 14. RSI index is above the oversold zone and is turning down. Stoch is entering overbought zone.

 

Trading recommendations: The pair may go up touching 1.1085 or even 1.1045 level before it starts its fall reaching 1.000 and then 1.0925 level.

 

Author: admin
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