Steemberg Reports: EUR/USD Technical review on 17.11.16

 EURUSD

The pair is under pressure at the 1.0700 level in anticipation of the publication of data on consumer inflation in the United States and the euro area, as well as performances by J.. Yellen for the first time after being elected president of the United States J. Trump.

The price is below the midline indicator Bollinger, at nizheMA SMA 5 and 14. RSI RSI is located under a level of 50% horizontally moves. Stoch grow. 

 Recommendations of the Trade:

There is a possibility of rebound pair up to 1.0800, if the price and does not break 1.0700. But despite this, it is necessary to sell on the growth perspective with probable target. 1.0550. 

 


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