Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 11.03.2016

    EURUSD

    The pair is correcting down after the local rise on Thursday influenced by the ECB stimulus decision. The additional reason for the price decline is the rise of the European indices and dicrease in interest to the defensive assets.

    The price is touching the upper Bollinger band. It is lower than SMA5 and SMA14. RSI turned downwards. Stoch are in the overbought zone and signal a price decline.

    Trading recommendations: Sell the pair with the approximate target of 1.1055. Breaching of 1.0955 can push the pair down to 1.0825.


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