10.04.2017
EURUSD
The pair remains within the short term downtrend, which may continue if the price stays lower than 1.0600, despite being locally oversold. The US dollar receives support amid the rise in expectations that the Fed increases the interest rate in June.
The price is lower than the lower Bollinger band, lower than SMA5 and SMA14. RSI resides in the oversold zone, same as Stoch.
Trading recommendations:
Sell the pair on its fall lower than 1.0575 with probable targets of 1.0530 and 1.0500.
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