EURUSD Technical analysis 17.11.16‏ by GrandCapital



The pair is under pressure on 1.0700 level as the US and Eurozone consumer inflation data is expected to be published and Janet Yellen is expected to give a speech in the aftermath of US presidential election.

The price is below the middle Bollinger band, on SMA 5 level and below MA 14. RSI is above 50% level and moves horizontally. Stoch are rising.

Trading recommendations: If the price fails to breach 1.0700 level, it’s possible that the pair rebounds up to 1.0800. Nonetheless, the pair should be sold at its growth with a possible target of 1.0550.



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