EURUSD Technical Analysis 21.09.2016

EURUSD

The pair fell to the lowest border of the 1.1125-1.1275 range after the Central Bank of Japan announced its decision on the monetary policy, and then showed a slight recovery. Now all eyes are on the results of the Fed's meeting.

The price is lower then the middle Bollinger band, on the SMA5 level and lower than SMA14 level. RSI is turning upwards. Stoch are in the oversold zone and also turning upwards.
 
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Trading recommendations: It the US interest rate is lifted sell the pair, considering a possible fall to 1.1035. If the rates remain unchanged, buy the pair, considering a possible rise up to 1.1275.