16.08.2016
EURUSD
The pair has breached the resistance level of 1.1230. If the US CPI data turns out to be positive, the price can return to the 1.1070-1.1230 range.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is right under the overbought zone. Stoch are rising.
Trading recommendation: Sell the pair while it is falling lower than 1.1230 level amid the strong data from the US with a probable target of 1.1070.
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