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June 2016

EURUSD Technical Analysis 13.06.2016

EURUSD

The pair is probably trying to recover after the low investor activity prior to the Fed meeting dedicated to the interest rate. Although the pair is rising, we believe that it is to be sold. 

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

Trading recommendations: Sell the pair while it is rising starting from 1.1285 with probable local target of 1.1215.

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