EURUSD Technical analysis 07.11.17

EURUSD

The pair is trading lower as the prospects of the Fed and the ECB monetary policies diverge.

The pair is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving down, now below 50% level. Stoch are reversing downwards.

Trading recommendations:

If the pair falls below 1.1585, it’s highly likely to go further down to 1.1550 and then to 1.1500.