EURUSD Technical Analysis 23.06.2017

EURUSD

The pair is trading higher than the support level 1.1140 amid the decrease in activity of market participants — the result of the past two weeks when the world Central Banks were announcing their plans on the future monetary policy. Now the attention of the market players is on the important inflation and employment data, which will be released next month.

The price is higher than the middle Bollinger band, higher than SMA 5 and SMA 14. RSI resides on the 50% level and falling. Stoch are rising.

Trading recommendations:

Today the pair is most likely to trade within the narrow range of 1.1140-1.1175. But if it falls lower than 1.1140, it may go down reaching 1.1100-10.