The pair is consolidating in a narrow range awaiting for ECB decision on stimulus measures. If it is positive, a local fall can be expected.
The price is touching the lower Bollinger band, and is lower than SMA5 and SMA14. RSI is on the 50% level. Stoch turned downwards and passed 50% line.
Trading recommendations: Sell the pair on the positive news form ECB and if level 1.0945 is breached which will send the pair towards 1.0840 region.