EURUSD Technical analysis 20.12.17

EURUSD

The pair is within the range of 1.1735–1.1840–50, where it’s likely to remain until the end of the current pre-Christmas week.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought zone. Stoch are already there.

Trading recommendations:

If the pair doesn’t hold above the mark of 1.1840–50, there is a possibility of a local reverse downwards to 1.1735