EURUSD Technical Analysis 09.06.2017

EURUSD

The pair is trading low but above the 1.1175 level amid the announced results of the ECB monetary policy. We expect the fall to continue following the pound sterling and the US interest rate hike, which is expected to happen next week with 95.8% probability.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides above the oversold level. Stoch are turning upwards, leaving the oversold zone.

Trading recommendations:
We assume that the pair may fall to 1.1100, and then possibly to 1.1025, once the 1.1175 level is breached.