30.01.2017
EURUSD
The pair resides higher than 1.0650 level. It is possible that it will be trading in the range of 1.0650-1.0770. The main reason for such behavior is the uncertainty regarding the fiscal stimulus, awaited by the market.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and moving horizontally. Stoch are entering the overbought zone.
Trading recommendations: Trade carefully inside the 1.0650-1.0770 range.
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