05.08.2016
EURUSD
The pair is consolidating above 1.1120 level while waiting for the US Nonfarm Payroll July data release. If the numbers are higher than expected the pair will fall under pressure.
The price is lower than the middle Bollinger band, higher than SMA5 but lower than SMA14. RSI is moving horizontally. Stoch have crossed the 50% level and rising.
Trading recommendations: Sell the pair amid positive Nonfarm data if 1.1120 level is breached considering a possible fall to 1.1020.
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