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EURUSD Technical Analysis 13.01.2017‏ by GrandCapital

 

This Thursday the pair couldn’t consolidate above 1.0655 level and, in all likelihood, will test again this mark before the important figures on the US economy are published. However, if these figures turn out to be positive, there’s a possibility of local downwards reverse of the price.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above 50% level and is rising. Stoch are reversing upwards.

Trading recommendations: Wait for the US figures to be published. If they cause the price to fall below 1.0600 level, there’s a possibility of a local decline to 1.0500.

 

Source: https://grandcapital.net

 

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