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EURUSD Technical Analysis 21.07.2016

21.07.2016

Market Review

EURUSD

The pair has returned to the 1.1020 range and cal continue rising if the ECB doesn't change its decision on the monetary policy, which is highly probable.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is testing the 50% level bottom-up. Stoch keep rising.
 

Trading recommendations: Buy the pair amid the expectations that the ECB will not change the monetary policy with probable price shift to the upper line of the 1.1020-1.1160 range.

Author: admin
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