ADVERTISEMENT

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 recommendationsIn 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.

 

Source: https://grandcapital.net

Comments (0)

There are no comments posted here yet

Other Related News Articles

Forex Brokers Listed