27.10.2017
EURUSD
The pair has dropped following the decision of ECB to slowly reduce the eurozone economy stimulation. The "pigeon" tone of Mario Draghi's speech also caused pressure on the single currency. We expect the pair to continue falling.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone. Stoch are also in the oversold territory.
Trading recommendations:
The pair may correct to the resistance level of 1.1665, but we expect it to go further down to 1.1550-55.
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