Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 01.03.2016

    EURUSD

    The pair is higher than 1.0860 level and is consolidating awaiting for the publication of the US Manufactuting PMI data. If it is better than expected, the pair will fall under a certain amount of pressure.

    The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is lower than 50% level and resides on the border of the oversold zone. Stoch are leaving the oberbought zone.

    Trading recommendations: Sell the pair is the 1.0860 level is breached with approximate target of  1.08010.

     


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