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June 2016

EURUSD Technical Analysis 17.06.2016


The pair is consolidating proir to the Brexit vote results announcement. It is most probable that it will remain in the 1.1100-1.1300 range.

The pair is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides on 50% level and stays in flat. Stoch are entering the overbought zone.

Trading recommendations: We are expecting the pair to keep consolidating in 1.1100-1.1300 range, but a breach of 1.1300 level can lead to a local rise up to 11400 as early as the beginning of the next week.

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