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EURUSD technical analysis 27-10-2016‏ by Grand Capital

 

EURUSD
The pair is consolidating at 1.0900 level while the US economic statistics data is expected to be published. Strong data on the growth of durable goods orders can cause a local decline of the pair.
The price is above the middle Bollinger band, lower than SMA 5 and higher than SMA 14. RSI is testing 50% level upwards. Stoch keep falling.

Trading recommendations:
It’s safe to assume that the good US figures will encourage the pair to fall below 1.0900 level with a likely target of 1.0855 and then, possibly, 1.0825.

 

Source: https://grandcapital.net

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