Technical analysis 15.06.18

EURUSD

The pair is trading above 1.1550 as the eurozone consumer inflation data is expected to be released. If the data turns out to be strong, the pair may go upwards to 1.1520, but most probably it will resume its fall even against the background of positive data. However, if the data proves weaker than predicted, the price may go directly downwards,

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone. Stoch are also there.

Trading recommendations:

A rebound to 1.1520 is possible. Sell the pair from this level with a target of 1.1500 or after passing 1.1550, also wait for it to fall to 1.1500.