EURUSD technical analysis 24.02.2017

EURUSD

The pair is trading with a slight increase compared to the recent local minimum taken, but the increase is caused by the absence of the clear indication of the interest rate increase in the Fed. meeting minutes published on Wednesday and not because of the elevated strength of the Euro. The pair is most likely to stay within the 1.0530-1.0600 range during the day, but only if it doesn't go higher than 1.0600.   

The price is higher than the middle Bollinger band, higher than SMA4 and SMA14. RSI went higher than 50% level. Stoch are non-informative.

Trading recommendations:
If the pair doesn't go higher than 1.0600, there is a possibility of it declining and reaching 1.0530.