EURUSD Technical Analysis 24.07.2017

EURUSD

The pair is trading higher than 1.1650 level and is aiming at the local maximum of August 2015 (1.1712). It will probably reach it in the near future, but a correction is also possible, due to the strong overbought status of Euro against the US Dollar.  

The price is higher than the middle Bollinger band, higher than SМА 5 and SMA 14. RSI resides in the overbought zone and moving horizontally. Stoch are non-informative.

 
Trading recommendations:
If the pair falls lower than the support level of 1.1650, there is a possibility of its local fall to 1.1595, which will equal 23% Fibonacci retracement.