Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 29.02.2016


    The pair is approaching 1.1000 level, which can be breached amid the US GDP data publication, but only if it is exceeding the expected numbers by 0,4%

    The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is lower than 50% level and truning downwards. Stoch signal to Sell.

    Trading recommendations: Sell the pair is 1.1000 level is breached and the US data is good, with approximate target of 1.0900.

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