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    EURUSD Technical analysis 17.11.2015

    EURUSD

    EURUSD pair breaks the 1.0650 support level and on the wake of obvious weakness of the Eurozone currency caused by the possibility of new stimulus in December. The pair can fall under pressure if the US consumer inflation data is not worse than expected.

    The price is on the lower Bollindger band, lower than SMA5 and SMA14. The relative strength index (RSI) is going down. Stoch are already in oversold zone.

    Trading recommendations: Sell the pair if the US data is good, with local target of 1.0515


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