EURUSD Technical Analysis 28.07.2016

EURUSD

The pair returned to the 1.1020-1.1160 range which it will probable stay in till the ECB meeting dedicated to the monetary policy in September. We suppose that the pair needs to be sold while it is rising or bought when it is going down away from the borders of the range.

The price is higher than the upper Bollinger band, higher than SMA4 and SMA14. RSI is entering the oversold zone. Stoch are already there.

Trading recommendations: Today, is the pair does not hold higher than 1.1080, it can fall to 1.1020 where it should be bought again.