EURUSD Technical Analysis 14.10.2016

EURUSD

The pair is traded lower than the resistance level of 1.1050 awaiting for the publication of economic statistics from the US and Yellen's speech. If the data is strong and Yellen will speak positively about American economy, which is most probable, the pair will continue the local fall.
 
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides lower than 50% and falling. Stoch have come out from the overbought zone and signal to sell.

Trading recommendations: Sell the pair on expectations of the positive data from the US and Yellen's speech with probable target of 1.0950.