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EURUSD Technical Analysis 15.02.17 by Grand Capital

The pair remains in short term downtrend amid the ECB monetary policy, another spin of the Greek crisis and the possible US interest rate hike in March.

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

Grand Capital tech analysis 15 02 2017

Trading recommendations: If the US CPI and retail sales data is not worse than expected, it may cause further fall. If the price falls lower than 1.0570 it will cause further decline to 1.0500.

Source: https://grandcapital.net

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