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    EURUSD Technical Analysis 14.06.2016

    EURUSD

    Today the pair will be trading in 1.1235-1.1300 range untill the Fed meeting. Unexpected interest rate hike or a positive prognosis on the US exonomy and interest rate for the next six month will undoubtedly put the pair under a fair amount of pressure.
     
    The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides lower than 50% level and turning downwards. Stoch have left the overbought zone and turning downwards as well.

    Trading recommendations:
    Sell the pair with a target of 1.1235 and a probable fall to 1.1100 tomorrow if the Fed meeting outcome is positive for the US dollar.


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