EURUSD Technical Analysis 07.07.2017

EURUSD

The pair has risen amid the weak ADP data. It has also received support from the head of Bundesbank Jens Weidmann, who made it clear that EU economic recovery demands a gradual tightening of the monetary policy. 

The price is higher than the middle Bollinger band, lower than SMA5, but higher than SMA 14. RSI is lower than the overbought zone and moving horizontally. Stoch are turning downwards, residing in the zone. 

Trading recommendations:
The price may fall to 1.1320 if the non-form payroll data is positive. Otherwise, it may rise up to  1.1460.