EURUSD Technical analysis 28.01.2016

EURUSD

The pair will probably keep moving in the 1.0800-1.0990 range because of the ECB stimulus program expansion expectations and a pause in the US interest rate hike. But today the pair can fall under pressure caused by the publication of weak data on the consumer inflation in Germany which will make the expectations about ECB stimulus measures stronger.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and moving horizontally. Stoch are higher than 50% level and trying to turn upwards.

Trading recommendations: Fall below 1.0670 point can cause the further decrease to 1.0800.