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EURUSD Technical Analysis 21.02.2017

21.02.2017

Market Review

 EURUSD

The pair has fallen lower than 1.0600 amid the P. Harker's comment that he may vote for the interest rate increase by another 0.25% – up to 1.0% during the March meeting. 

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI RSI resides under the 50% level and lowering. Stoch are in the oversold zone.

Trading recommendations: If the price rises higher than 1.0600, further fall to 1.0530 and then to 1.0500 can be expected.

Author: admin
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