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EURUSD Technical analysis 18.10.2015

EURUSD

The pair is traded under 1.0675 level awaiting for FOMC minutes. If it a clear hint that Fed is going to increase the interest rate in Decemberwill be dropped, the pair can fall even lower because of the differences in monetary policies of Fed and ECB.

The price is on the lower Bollinger band, on SMA5 level, but lower than SMA14. RSI is gradually decreasing. Stoch are trying to rise.

Trading recommendations: Sell the pair if FRS minutes are positive for USD with local targers of 1.0600 and then 1.0515.

Author: admin
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