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EURUSD Technical analysis 17-02-2016‏ by Grand Capital

 

The pair is traded under 1.1190 level. If can rise locally if there is an indication of the possible pause in interest rate hike in March in the last Fed. meeting minutes.

The price is on the lower Bollinger band, higher than SMA5 and SMA14. RSI resides lower than 50% level but rising. Stoch are trying to turn upwards.

Trading recommendations: Buy the pair is there is an indication of the pause in rate increase after 1.1190 level is breached with an approximate target of 1.1250-55.

 

Source: https://grandcapital.net

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