EURUSD Technical analysis 10.08.17

EURUSD

The pair is still in the short term downtrend as the positive inflation data is expected to be released in the US. Today the industrial inflation figures are in the market's spotlight, if they turn out to be at least on the predicted level, or even grow further up, the pair will resume falling.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RIS is above 50% level and is falling. Stoch are also reversing downwards.

Trading recommendations:

Sell the pair at the breakout of 1.1720 level as it's likely to go down to 1.1600-05.