EURUSD Technical analysis 03-03-2016 by Grand Capital
The pair is consolidating in a narrow range that is higher than 1.0850 level. If the tomorrow's US unemployment data is strong, the pair can be pushed down as it is highly expected that ECB is to increase stimulus measures.
The price is on the lower Bollinger band, on SMA5 and SMA 14 levels. RSI is lower than 50% lelve and moving horizontally.
Trading recommendations: Once the economic data is released, sell the pair if 1.0850 level is breached. Downside movement reaching 1.0786 and 1.0700 levels is expected.