EURUSD Technical Analysis 24.04.2017

EURUSD

The pair is correcting downwards after the strong growth prompted by the outcome of the first round of the French presidential election. The market responds positively to the new leading candidates, who are now Emmanuel Macron and Marine Le Pen, with Macron being expected to win.
The price is on the upper Bollinger band, considerably above SMA 5 and SMA 14. RSI is in the overbought zone and is turning downwards. Stoch also indicate that. 

Trading recommendations:
If the price falls down below 1.0825 level, the door to further lowering to 1.0775 is open.