EURUSD Technical Analysis 15.06.2016

EURUSD

The pair is recovering upon selling of long USD positions, but this will continue till the Fed. meeting results are released. Investors want to reduce risks as the above-mentioned results can be quite surprising.

The price is lower than the middle Bollinger band, lower than SMA5 but higher than SMA14. RSI resides lower than 50% level and turning upwards. Stoch left the overlosd zone and also rising.
 

Trading recommendations: At the moment we are waiting for the Fed. meeting results. Positive news will lead to a fall to 1.1100. Negative outcome will push the pair up to 1.1300.