EURUSD Technical Analysis 27.12.2016 by GrandCapital
The major currency pair remains in a narrow range of 1.0430-1.0465, as Christmas and New Year holiday season is under way.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is at 50% level and moves horizontally. Stoch are falling.
Trading recommendations: In all likelihood, the pair will remain in the range of 1.0430-1.065 until the end of the year. Concerning the pair’s future prospects, we still expect it to fall to parity.