EURUSD Technical Analysis 13.03.2017

The pair is above 1.0700 level as the ECB is speculated to lower the stimuli or even cancel them the next year if a liberal candidate wins the presidential election in France. The pair is also getting support because of the profit taking before the Fed meeting on interest rates that is to be held on Tuesday and Wednesday.

The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is in the oversold zone and continues to grow. Stoch are also in the oversold zone.

​

Trading recommendations: If the pair maintains the position above 1.0700 level, it may rise up to 1.0750 before the Fed meeting.