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Tuesday, 29 November 2016 16:11 Written by

EURUSD Technical Analysis 29.11.2016 by Grand Capital‏

The pair remains within the range while awaiting for the release of the employment and the US GDP data, which is to happen this Friday. If the GDP data is not worse than expected (+3.0%), it can provide the US dollar with local support.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides on the 50% level and moving horizontally. Stoch are rising.

 

Trading recommendations: The pair can fall to 1.0520 amid positive data from the US.

 

Source: https://grandcapital.net

Read 192 times Last modified on Tuesday, 29 November 2016 16:11

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