Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 20.01.2016


    The pair can breach 1.0990 support level reacting on the weak US inflation data and strong expectations that ECB will not announce any new actions on the meeting this Thursday.

    The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is coming closer to the overbought zone. Stoch are entering the overbought zone.

    Trading recommendations: Buy the pair if the US data is weak and if 1.0990 level is breached with an approximate target of 1.1055. 

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