EURUSD Technical Analysis 13.04.2017 by Grand Capital

The pair is traded below the 1.0680 level. From a technical standpoint, the pair is overbought and has all chances to locally turn downwards, it it fails to breach this point.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides above the 50% level and turning downwards. Stoch are already in the overbought zone.

Trading recommendations:

Sell the pair, considering its probable fall to 1.0600.

Source: https://grandcapital.net