EURUSD Technical Analysis 26.06.2017

EURUSD

The pair is trading within the 1.1140-1.1210 range, where it will probably stay until the publication of the consumer inflation data later this week. The pair continues to receive support from the market's hopes that the ECB will announce a reduction of the stimulus measures this fall and that the Fed. may skip on raising the interest rate this year. 

The price is higher than the middle Bollinger band, lower than SMA 5, but higher than SMA14. RSI resides above the 50% level and falling. Stoch have turned downwards.

 
 
Trading recommendations:

Today the pair will probably keep trading within the narrow range 1.1140-1.1210. However, it may fall to the lowest border of the range — 1.1140 due to correction.