EURUSD technical analysis 14.08.2017

EURUSD

It is most likely that the pair will keep trading flat amid the factors that restrain both the pair's growth and fall. The pair doesn't grow as the market has doubts that the ECB will undertake any radical actions to eradicate the stimuli. At the same time, the current weakness of the US Dollar and tensions between the US and North Korea don't let the pair fall.

The price is higher then the middle Bollinger band, higher than SMA 5 and SMA14. RSI is rising. Stoch are trying to turn downwards. 

Trading recommendations:

Sell the pair once the 1.1800 level is breached, considering its possible fall to 1.1720.