EURUSD Technical analysis 15.11.16

EURUSD
The pair has dropped down to 1.0700 level, as the US dollar strengthens, due to profitability increase of US public bonds. Apparently, this trend will continue if the Trump’s administration is going to back up his announcements of the intended change in the economic policy.

The price is below the middle Bollinger band, below SMA  5 MA 14. RSI is above the oversold zone and is moving horizontally. Stoch are on the increase.

Trading recommendations: Sell the pair as it drops below the support level of 1.0700 with a possible target of 1.0550.