21.11.2016
EURUSD
The pair is under a strong support level of 1.0580 which it can't yet surpass. It is possible that amid the recent slight correction on the government bond market it will also correct upwards, just prior to the news attempt to fall.
The price is lower than the middle Bollinger band, higher than SMA5, but still lower than SMA14. RSI resides above the oversold zone and is gradually turning upwards. Stoch are rising.
Trading recommendations:
An important economic data is not scheduled to be released today, which means an increased possibility that the pair will correct up to 1.0660, but but just to go for a reverse, testing the 1.0550 level right after.
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