16.07.2018
EURUSD
The pair is trading above 1.1670 as the US retail sales data is expected to be released, which may result in the pair’s growth or decline.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is just above the level of 50%. Stoch are reversing in the overbought zone.
Trading recommendations:
If the US data is unfavorable, the pair may grow locally to 1.1780. At the same time, if the data is positive, the price may fall below the support level of 1.1670 and continue down to 1.1615.
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