EURUSD Technical analysis 19.09.17

EURUSD

The pair is still trading in the existing range as the results of the Fed's monetary policy meeting are expected to be released this Wednesday. It's likely that the range of 1.1835-1.2070 will remain the same until the Chancellor of Germany election this weekend.

The price is on the level of the upper Bollinger band, above SMA 5 and SMA 14. RSI is growing, Stoch are entering the overbought zone.

Trading recommendations:

We expect the existing range to remain the same and think that it's necessary to sell the pair at its growth with the target of 1.1835.