EURUSD Technical Analysis 08.06.2017

EURUSD

The pair is trading near the local maximums inside a very narrow range 1.1235-11280, where it will probably stay until the results of the ECB monetary policy meeting are announced. 

The price is lower than the middle Bollinger band, higher than SMA 5, but lower than SMA 14. RSI resides above the 50% level and moving horizontally. Stoch are turning downwards, inside a triangle. 

Trading recommendations:
We suppose that it will pressure the pair, which can fall to 1.1100 once the 1.1235 level is breached and then, possibly — to 1.1025.