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EURUSD Technical analysis 07.12.17

07.12.2017

Market Review

EURUSD

The pair is in a downtrend following the release of the strong ADP data and the expectations of the interest rates raise by the Fed next week.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is falling. Stoch don't show any distinct dynamics.

Trading recommendations:

The pair is trading below the level of 1.1800, it may lead to its falling down to 1.1720.a

Author: admin
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