EURUSD Technical analysis 01.12.2015

EURUSD

The pair keeps consolidating slightly decreasing in a narrow range of 1.0555-1.0595. If the manufacturing PMI data is not better than expected the fall may continue. 

The price is on the upper Bollinger band, lower than SMA5 but higher than SMA14. RSI turned downwards and resides on 50% level. Stoch suggest weakening of upward movement.

Trading recommendations: Sell the pair while it is rising from 1.0595 with a local target of 1.0555.