EURUSD Technical analysis 02.12.2015

EURUSD

The pair got sume support on Tuesday, on the wake of the weak PMI data and investors aiming to close their positions before the publication of Non-farm and ECB meeting data. If today the ADP numbers turn out to be weaker than expected, we can expect the pair to rise locally. On the other hand, strong numbers will push the pair down.

The price is higher than the upper Bollinger band, lower than SMA5 and SMA14. RSI resides above 50% level. Stoch turned downwards.

Trading recommendations: Sell the pair if ADP dara is strong with local target of 1.0555 or Buy if the data is weak with target of 1.0700.