Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 02.11.2015

    EURUSD

    The pair keeps moving upwards in the wake of the publication of a rather weak data on the American economy wich, despite the FRS announcement about the possiblility of the interest rate increase, lowers these market expectations. If ISM manufacturing PMI data will be lower than 50-point level, the pair can get additional support. 

    The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI index is rising and is located higher than 50% level. Stoch also turned upwards. 

    Trading recommendations: It is better to buy the pair on the wake of weak data from the US with target levels of 1.1095-1.1100 and 1.1135.

     


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