EURUSD Technical analysis 13.07.17

EURUSD

The pair is trading above 1.1440 mark as general attitude towards the USD shifts unfavorably after the Fed Chair Janet Yellen’s speech in Congress yesterday. If today the data on industrial inflation doesn’t demonstrate better values, the pair may resume its growth.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above 50% level and is rising. Stoch are reversing upwards.

Trading recommendations:

Wait the US inflation data to be released. As the negative climate persists, the pair may rise up to 1.1500-30, but if the inflation data turns out to be above the predicted values, its local falling down to 1.1385 is likely, and after that mark is passed, probably even down to 1.1315.