07.10.2016
EURUSD
The pair fell lower than the lower border of the 1.1120-1.1280 range amid the anticipation of a positive data on the employment in the US, which may push the Fed to raise the interest rates in December.
The price is lower than the lower Bollinger band, lower than SMA5 and SMA14. RSI is in the oversold zone. Stoch also reside in the zone.
Trading recommendations: If the pair stays lower than 1.1120 and the employment figures are higher than expected, the pair may fall to 1.1040.
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