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June 2016

EURUSD Technical Analysis 10.06.2016

EURUSD

The price can try to rebound reaching 1.1345 level in the wake of the EU stock market selloff prior to the Fed. meeting and the publication of the Brexit referendum results.

The price is lower than the middle Bollinger band, higher than SMA5 but lower than SMA14. RSI resides lower than 50% level and is trying to breach it. Stoch are in the oversold zone at the moment, turning upwards.

Trading recommendations: The pair can rise being locally oversold reaching 1.1345 level from which it is to be sold with local target of 1.1285 expecting further fall to 1.1215.

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