EURUSD Technical Analysis 21.12.2016

EURUSD
The pair continues to consolidate with the general decline against the backdrop of increasing expectations of it reaching parity. Mainly it is caused by the increasing dynamics of divergence of the Fed’s and Bank of Japan’s monetary policies.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is rising, Stoch are also rising.

Trading recommendations:
It’s likely that before the end of the year the pair will remain in the range of 1.0350-1.0480. We think it preferable to sell the pair while it’s rising in the range.