Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 12.02.2016

    EURUSD

    The pair has breached 1.1300 level on the wake of the lowering interest among investors to defensive assets and the weak GDP data from Germany. The pair may keep getting lower if Eurozone GDP data is weaker than expected.

    The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is moving downwards. Stoch are falling sharply. There is divegrence between the price and RSI.

    Trading recommendations: Sell the pair with approximate target of 1.1200.

     


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