EURUSD Technical Analysis 11.07.2017

EURUSD

The pair has fallen below the important support level 1.1390 amid the strengthening of the US dollar, that happened prior to the Yellen's speech on Wednesday and Thursday where the monetary policy topic came into focus. 

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI is falling and crossing the 50% level. Stoch are turning downwards.

Trading recommendations:
Sell the pair, considering its possible fall to 1.1320 and even to 1.1295.