Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 19.01.2016

    EURUSD

    The pair can fall to the lowest border of the 1.0800-1.0990 range on the wake of the weak data released on inflation in Germany and Eurozone and low ZEW forecast numbers.

    The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is crossing 50% level and showing downside movement. Stoch are turning downwards.

    Trading recommendations: Sell the pair if the data from Germany and Eurozone is weak with an approximate target of 1.0800. Breaching of this level can lead to the lowering of the price to 1.0700-15.

     


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