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Wednesday, 16 March 2016 11:16 Written by

EURUSD Technical analysis 16.03.2016 by Grand Capital‏

The overall situation hasn't changed since yesterday - if Fed. signals that the rates can be elevated on any of the following meetings, the pair can fall under a fair amount of pressure amid restavration of the expectations that ECB and Fed. monetary polices would contradict.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI is crossing 50% level. Stoch turned downwards.

Trading recommendations: Sell the pair on beneficial for USD news from the Fed. and upon breaching of 1.1055 level which should lead to further fall till 1.10825.

 

Source: https://grandcapital.net

Read 218 times Last modified on Wednesday, 16 March 2016 11:16

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