EURUSD Technical analysis 08-02-2016 by Grand Capital
The pair is trying to recover after it surged and then corrected amid the expectations that the new US data won't be as positive as the unemployment levels.
The price is on the upper Bollinger band, lower than SMA5 and SMA14. RSI resides under the overbought zone and moving upwards. Stoch also turned upwards.
Trading recommendations: Buy the pair is 1.1160 level is breached with approximate target of 1.1235 and possitble extension to 1.1300.