Tuesday, 27 December 2016 17:43 Written by

EURUSD Technical Analysis 27.12.2016 by GrandCapital‏


The major currency pair remains in a narrow range of 1.0430-1.0465, as Christmas and New Year holiday season is under way.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is at 50% level and moves horizontally. Stoch are falling.



Trading recommendationsIn all likelihood, the pair will remain in the range of 1.0430-1.065 until the end of the year. Concerning the pair’s future prospects, we still expect it to fall to parity.



Read 231 times Last modified on Tuesday, 27 December 2016 17:43

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