EURUSD Technical analysis 29.11.17

EURUSD

The pair lowered leaving a local maximum point, following Jerome Powell speech in the Banking Committee in the Senate and the release of strong consumer confidence index data from the Conference Board. The pair may continue falling if the US GDP data turns out strong, and Janet Yellen speech proves positive.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above 50% level. Stoch are in the oversold zone.

Trading recommendations:

If the pair falls below 1.1840 mark, it may lead to the pair’s local decline down to 1.1720.