EURUSD Technical Analysis 26.09.2016

EURUSD

The pair is trading above 1.1215 level amid the overall weakness of the US dollar, but stays within the 1.1125-1.1265 range. If the New home sales data from the US is negative, the pair will receive a local support. 
 
The price is higher than the middle Bollinger band, higher than SМА 5 and SMA 14. RSI is moving horizontally. Stoch are trying to turn upwards.

Trading recommendations: Buy the pair once we see the weak data from the US and strong data from Germany with a probable target of 1.1265.