EURUSD Technical Analysis 19.06.2017

EURUSD

The pair is trading inside the 1.1165-1.1275 range. At the moment it is receiving support from a still strong conviction that by the fall the ECB changes its monetary policy action and after the elections in Germany it will decide to reduce the stimulus or even elevate the interest rate. 

The price is at the middle Bollinger band, on the SMA 5 level and higher than SMA 14. RSI resides on the 50% level and moving horizontally. Stoch are leaving the overbought zone.

Trading recommendations:
Today the pair may remain within the 1.1165-1.1275 range, but if it falls lower than 1.11675 it may fall to 1.1100-10.