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Tuesday, 17 May 2016 14:34 Written by

EURUSD Technical Analysis 17.05.2016 by Grand Capital‏

The pair is consolidating under  1.1365 level and can keep declining if the US CPI (MoM) numbers to be published today are not worse than expected, as it is supposed to bring back to life expectations that the Fed will go for the interest rate hike on the meeting this June.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides lower than 50% level. Stoch are non-informative.

Trading recommendations: Wait till the US CPI data is released and sell if it is positive expecting fall to 1.1220.

Source: https://grandcapital.net

Read 237 times Last modified on Tuesday, 17 May 2016 14:34

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