01.09.2017
EURUSD
The pair continues to consolidate after yesterday's short growth as the weak data of PCE inflation indicator was released in the US.If today's US employment data turns out to be better than predicted, it may result in a local support for USD.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% level and is going down. Stoch are leaving the overbought zone.
Trading recommendations:
If the US figures turn out positive today, the pair may resume falling down to 1.1685.
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