EURUSD Technical Analysis 07.02.17 by Grand Capital

The pair has remained under a solid amount of pressure since the yesterday's Draghi's speech, who has made it quite clear that the existing easy monetary policy is here to stay and we shouldn't expect changes in the nearest future.

The price is lower than the lower Bollinger band, lower than SMA5 and SMA14. RSI resides lower than 50% level and keeps falling. Stoch are also falling.

 Grand Capital tech analysis 07 02 2017

Trading recommendations: If the pair falls lower than 1.0680, it may lead to it's further decline to 1.0625.


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