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EURUSD Technical analysis 19.10.2015

21.12.2015

Market Review

EURUSD

The pair is slightly decreasing on the wake of the rise in european stock markets and absense of the importan economic statistics. It is probable that the pair will remain in 1.0795-1.0880 range on Monday.

The price is on the lower Bollinger band, lower than SMA5, but higher than SMA14. RSI index is lower than 50% level and falling. Stoch are in the overbought zone and intersect.

Trading recommendations: If 1.0880 level is breached buy the pair with approximate target of 1.1050

Author: admin
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