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EURUSD Technical analysis 11.12.2015

EURUSD

The pair found support on 1.0920 level and is probably trying to reach yesterday's maximum - 1.1040. This can be explained by the unwillingless of the investors to open positions in favour of US Dollar before the Fed meeting. But if the US retail data which is to be …

EURUSD Technical Analysis 10.12.2015

EURUSD

The pair is correcting down after it surged on Wednesday on the wake of closing trend for the US Dollar. Because of the local overbought it can correct not just by 23% by Fibonacci, but by 38%.

The price is on the upper Bollindger band, lower than SMA5, but …

EURUSD Technical analysis 07.12.2015

EURUSD

The pair continues downside correction awaiting for US rate hike next week. Positive non-farm figures provided the US currency with additional support.

The price is on the upper Bollinger band, lower than SMA5 and SMA14. RSI keeps falling. Stoch start entering the oversold zone.

Trading recommendations: Sell the pair …

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