EURUSD Technical analysis 02.03.2016

EURUSD

The pair resides higher than 1.0850 level and can continue falling if ADP data is better than expected.

The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is under 50% level and resides on the border of the oversold zone. Stoch are rising.

Trading recommendations: Sell the pair once 1.0850 level is breached with approximate target of 1.0785.