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EURUSD Technical analysis 15.12.2015

15.12.2015

Market Review

EURUSD

The pair keeps consolidating. All attention is focused on Fed. meeting, but the pair can try to breach 1.1050 support level and surge today if German and Eurozone economic data is strong.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and moving horizontally. Stoch are higher than 50% and rising.

Trading recommendations: If 1.10509 is breached, a local rise to 1.1115 may occur.

Author: admin
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