EURUSD Technical analysis 08-03-2016 by Grand Capital
The pair is consolidating higher than 1.1000 awaiting for the publication of the Eurozone GDP figures and the ECB decision on the monetary posicy that is to be announced this Thursday.
The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and moving horizontally. Stoch reside in the overbough zone.
Trading recommendations: The pair will probably be moving in 1.0950-1.1065 range prior to the ECB meeting.