EURUSD Technical Analysis 25.05.2017

EURUSD

The pair is consolidating above the 1.1200 level, but there is a possibility of it turning downwards amid the high overbought state and the technical signal on the divergence between the price and the oscillators. High probability of the US interest rate increase in June also puts the pair under pressure. 

The price is higher than the middle Bollinger band, higher than SМА 5 and SMA 14. RSI resides under the overbought level and falling. Stoch is in the overbought zone and also reversing down.

Trading recommendations:
Sell the pair if it falls lower than 1.1200 with probable targets of 1.1165, 1.1100, and then 1.1025.