EURUSD Technical analysis 24.11.2015

EURUSD

The pair is likely to keep consolidating in 1.0600-1.0690-1.0700 range before the next week's release of unemployment data in the U.S. Only today's US GDP data can force the pair to fall below 1.0600 level.

The price is on the lower Bollinger band, exactly at SMA 5 level, but lower than SMA 14. The relative strength index (RSI) is moving horizontally. Stoch's rising tendencies are weakening.

Trading recommendations: Sell the pair while it is rising, starting from around 1.0690 level with approximate target of 1.0600 and considering the possibility of it falling to 1.0550 и 1.0515 levels.