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EURUSD Technical analysis 30.10.2015

EURUSD

The pair rose till 1.1000 which corresponds to 23% Fibonacci level and if it manages to overcome it there is a possibility of a local rise. If it doesn't happen, it will start declining.

The price is on the middle Bollinger band, but higher than SMA5 and SMA14. RSI index is rising, getting closer to 50% level. Stoch reside in the overbought zone.

Trading recommendations: Sell the pair while it is rising from 1.1075-80 or if the pair is unable to go higher than 1.1000 - sell with a local target of 1.0895.

Author: admin
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