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EURUSD Technical Analysis 16.06.2017

16.06.2017

Market Review

EURUSD

The pair is trading below the 1.1175 level amid the rising expectations regarding the US dollar surge after the release of the Fed. meeting results.

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under the 50% level and falling. Stoch are leaving the oversold zone.

Trading recommendations:
We expect the price to continue falling to 1.1110, and then to 1.1060.

Author: admin
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