23.02.2017
EURUSD
The pair has corrected upwards due to the fact that the Fed meeting minutes didn't indicate the possibility of interest rate increase in March. Despite that, the pair will remain under pressure because of the uncertainty of the outcome of the upcoming election in France, which can lead to the triumph of eurosceptics and result in France leaving the Eurozone.
The price is lower than the middle Bollinger band but still higher than SMA5 and SMA14. RSI remains under 50% level and turning downwards. Stoch are also demonstrating an effort to turn downwards.
Trading recommendations: If the price falls lower than 1.0530 it may lead to further decline to 1.0500, and then, possibly to 1.0470.
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