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June 2016

EURUSD Technical Analysis 29.06.2016

EURUSD

The pair is receiving a local support amid investors' rising inclanition to take risks. Stock market and commodity assets are also supported by that. Positive GDP USD data that was published on Tuesday is a good basis for that. The restraining factor for the pair is still the result of the EU summit that will take place today.

The price is higher than the middle Bollinger band and higher than SMA5 and SMA14. RSI resides lower than 50% level but is trying to breaching. Stoch turned upwards.

Trading recommendations: If the pair breaches 1.1100 level, it can rise up to 1.1200 so we are just waiting for the level to be breached.

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