EURUSD Technical Analysis 01.03.2017

EURUSD

The pair has started falling again amid the increase in expectations about the US interest rate increase this month after caused by the Fed P. Harker, Williams and Dudley's speeches. The "peaceful" speech of Donald Trump in the US congress, where he spoke about the relevancy of his economic reforms, also had a positive effect on the US dollar.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides lower than 50% level and falling. Stoch have entered the oversold zone.

Trading recommendations:
If the price falls lower than 1.0530 may result in further decline to 1.0500 and 1.0450.