Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 09.03.2016

    EURUSD

    The pair will most likely move inside 1.0935-1.1055 range before the ECB decision is announced. It is expected that the bank will expand the stimulus measures. If that happens the pair can fall under pressure.

    The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is lower than 50% level and moving downwards. Stoch entered the oversold zone.

    Trading recommendations: Sell the pair while it is rising from the upper line or after 1.0935 level is breached keeping in mind that it is likely to fall to 1.0840.


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