10.07.2017
EURUSD
The pair is still consolidating at the previously reached maximums amid the expectations that the ECB changes its course. It is assumed that reduction of stimulus measures in early 2018 will be announced this fall after the German federal elections take place. These expectations are the reason for the "strength" of the Euro at the moment.
The price is higher than the middle Bollinger band, lower than SMA 5 and at the SMA 14 level. RSI is falling. Stoch are turning upwards.
Trading recommendations:
If the price falls lower than the 1.1390 level, there is a possibility of a local fall to 1.1320.
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