EURUSD Technical Analysis 21.06.2017

EURUSD

The pair is lower than the support level 1.1140. It is currently under pressure due to the positive comments made by the US Central Bank representatives regarding the Fed. actions. Another reason for the current situation is the high hopes regarding the US dollar rise amid the reduction of the Fed. balance sheet and the interest rate hike closer to the end of the year. 

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 struggling to rise. 

Trading recommendations:
The pair may be expected to fall to 1.1115 and then to 1.1060.