14.03.2017
EURUSD
The pair couldn't stay above the 1.0700 area. It has all chances to continue its decline amid the US interest rate hike and suggestions that the active cycle of the interest rate hikes this year will continue.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is falling. Stoch are also residing in the oversold zone.
Trading recommendations:
The price fall lower than 1.0640 may cause further decline to 1.0600. Positive news coming from the Fed will be able to bring it down to 1.0500.
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