EURUSD Technical Analysis 14.06.2017

EURUSD

The pair is trading inside the 1.1175-1.1225 range, expecting the results of the Fed. meeting. The market is expecting that the interest rate will be elevated, which is probably already considered in the price. But the most important information will be the Fed.'s plans for the future. If it becomes evident that the interest rate will continue rising, it can provide support for the US Dollar.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides below 50% level and moving horizontally. Stoch are rising.

Trading recommendations:
We assume that if the pair breaches the 1.1175 level, there is a possibility of further fall to 1.1110 and possibly to 1.1060.