EURUSD Technical analysis 17.10.17

EURUSD

The pair is falling as the eurozone consumer inflation data is expected to be released today. It's safe to assume that if the data doesn't get stronger, the pair will continue falling.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are enetring the oversold zone.

Trading recommendations:

There's a risk of the pair going further down to 1.1670, if the consumer inflation data is disappointing.

Author: Semyon Kamensky