Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 23.10.2015


    The pair is showing a slight increase after the steep fall happened due to high expectations about possible stimulus program expansion in December.

    The price is lower than the middle Bollinger band but higher than SMA 5 and lower than SMA 14. RSI index is in oversold zone and is turning upwards. Stoch is in oversold zone and signal further upside movement.

    Trading recommendations: The pair can go up to 1.1140 level or even further, reaching 1.1185 level. Then it will turn back and continue falling till 1.1000.

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