Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 14.01.2015


    The pair can obtain some support on the wake of the publication of December ECB meeting minutes, but only if it shows intentions to keep expanding stimulus program in the Eurozone.

    The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and gradually increasing. Stoch are entering the overbought zone.

    Trading recommendations: Buy the pair is the minutes confirm ECB intentions to expand stimulus program, with an approximate target of 1.0990.

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