EURUSD Technical analysis 07-03-2016 by Grand Capital
The pair is located higher than 1.0950-55 after the steady growth in Friday amid the expectations that Fed. is not going to increase the interest rate in March. At the same time, investors are in doubt regarding stimulus measures coming from ECB which restrains the growth of Euro.
The price is on the upper Bollinger band, lower than SMA5 and SMA14. RSI is higher than 50% level and showing downside monement. Stoch are also falling.
Trading recommendations: Breaching of 1.0950-55 level and lead to its lowering to 1.0835. But if the level is not breached there is a possiblity of a local fall to 1.1070.