EURUSD Technical analysis 13.12.17

EURUSD

The pair is still under pressure as the interest rates are expected to be raised at the Fed meeting the results of which are to be released today. If the news from the Fed and consumer inflation figures which are also to be released today are positive, the US dollar’s positions are likely to strengthen.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the level of 50% and is moving upwards. Stoch are leaving the oversold zone.

Trading recommendations:

If the news form the US are positive and the price passes the level of 1.1720, the pair is likely to go down to 1.1700 and then to 1.1665.