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EURUSD Technical analysis 01.04.2016

01.04.2016

Market Review

EURUSD

The pair is lower than 1.1400 resistance level. If the US employment data is better than expected, the price can fall amid the profit-taking.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI index resides in the overbought zone. Stoch turned downwards.

Trading recommendations: Sell the pair on the wake of the strong US employment data with an approximate target of 1.1150.

Author: admin
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