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Wednesday, 12 April 2017 09:29 Written by

EURUSD Technical Analysis 12.04.2017 by Grand Capital

The pair is stuck inside the 1.0565-1.0650 range and may stay there till the presidential elections in France. The probability of a further fall still exists and may be triggered by the difference in the ECB and Fed.'s monetary policies.

The price is lower than the middle Bollinger band, lower than SMA5, but higher than SMA14. RSI resides under 50% level and moving horizontally. Stoch are falling.

Trading recommendations:
Sell the pair on its fall lower than 1.0565 with a probable target of 1.0500.

 

Source: https://grandcapital.net

 

Read 142 times Last modified on Wednesday, 12 April 2017 09:29

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