10.03.2017
EURUSD
The pair is higher than 1.0575 level awaiting for the unemployment data and the number of new workplaces in the US. It is assumed that the American economy will gain 190 000 new workplaces and the unemployment rate will fall from 4.8% to 4.7%. If the data is much stronger than expected, the price will keep falling all the way down to the lower range border 1.0500-1.0630.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and turning downwards. Stoch are non-informative.
Trading recommendations: If the price falls lower than 1.0575, it may lead to its further decline to 1.0530 and even to 1.0500.
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