EURUSD Technical analysis 10.11.2015

EURUSD

The pair consolidates awaiting for the publication of important data concerning retail sales in the US, which will be released this Friday. If the data is strong the pair will be inevitably pushed down. Meanwhile, before Friday is here, the price will move in a narrow range.

The price is lower than the middle Bollinger band, higher than SMA5, but lower than SMA14. RSI index is under the oversold line and moving upwards. Stoch are not-informative.

Trading recommendations: Sell the pair while it is rising, starting from an approximate level of 1.0840 with local targets of 1.0700, 1.0650 and 1.0515