EURUSD Technical analysis 28.09.17

EURUSD

The pair is trading above 1.1715 level. Among the negative factors for the pair are the uncertainty of political and economic policy lines after the Bundestag election in Germany, and also a significant strengthening of the US dollar positions after the Fed meeting this month.

The price is below the middle Bollinger band, above SMA 5 but below SMA 14. RSI is leaving the oversold zone. Stoch don't show any distinct dynamics.

Trading recommendations:

In case of a breakout of 1.1715 level, the pair is likely to go further down to 1.1620.

Author: Semyon Kamensky