04.10.2017
EURUSD
The pair is trading above 1.1715 level. It is expected that if the ADP data on the number of new work places will turn out to be higher than the predicted 125 000, the pair will keep falling.
The price is below the middle Bollinger band, below SМА 5, but above SMA 14. RSI is below 50% level and is reversing downwards. Stoch are also reversing downwards.
Trading recommendations:
The pair may go down to 1.1715. The breakout of this level will lead to the pair falling further down to 1.1620.
Author: Semyon Kamensky
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