EURUSD Technical Analysis 17.04.2017

EURUSD

Europe is still on the Easter holidays. Meanwhile, it is a working day in the US. We don't expect a noticeable dynamics prior to the trades opening in the US. The pair will most likely will stay within the range till the elections in France. 

The price is lower than the middle Bollinger band, on the SMA5 level, but lower than SMA14. RSI resides under 50% level and moving horizontally. Stoch are non-informative.

Trading recommendations:
Today the pair will remain within the 1.0565-1.0675 range. Most probably, it will stay there until the results of the first round of the presidential elections in France are announced.