EURUSD Technical analysis 17.11.16

EURUSD
The pair is under pressure on 1.0700 level as the US and Eurozone consumer inflation data is expected to be published and Janet Yellen is expected to give a speech in the aftermath of US presidential election.

The price is below the middle Bollinger band, on SMA 5 level and below MA 14. RSI is above 50% level and moves horizontally. Stoch are rising.

Trading recommendations: If the price fails to breach 1.0700 level, it’s possible that the pair rebounds up to 1.0800. Nonetheless, the pair should be sold at its growth with a possible target of 1.0550.