EURUSD Technical Analysis 07.06.2017

EURUSD

The pair is trading near the local maximums inside a very narrow 1.1235-11280 range, where it will probably stay until the ECB monetary policy meeting and the general election in Britain.

The price is higher than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides above the 50% level and moving horizontally. Stoch are falling.

Trading recommendations: 
At the moment we are waiting for the results of the ECB meeting the election in Britain. We suppose that they will put the pair under pressure and if it goes lower than 1.1235, it may fall to 1.1100.