EURUSD Technical Analysis 31.03.2017

EURUSD

The pair is trading higher than 1.0670 and remains under pressure amid the strong US economy data and the negative inflation figures in Germany, growth rate of which seems to become lower. If today's PCE data from the US is strong, and the pressure caused by the inflation in Europe lowers, the pair will keep falling.

The price is lower than the middle Bollinger band, at the SMA 5 level and lower than SMA14. RSI resides in the oversold zone and moving horizontally. Stoch also reside in the oversold zone.

Trading recommendations:
If the price falls lower than 1.0670, it will lead to its fall to the lower border of the short term upward trend  1.0575.