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EURUSD Technical analysis 10.11.17

10.11.2017

Market Review

EURUSD

The pair is still trading within the range. This tendency is likely to continue today, as the results of the new tax code discussion in the US Congress are expected to be revealed.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought zone and is reversing downwards. Stoch indicate a weakening growth.

Trading recommendations:

Sell the pair with a possible target of 1.1550.

Author: admin
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