Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 10.03.2016


    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.

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