EURUSD Technical Analysis 22.02.2017

EURUSD

The pair has fallen lower than 1.0530 amid the second P. Harker's comment that the interest rates may be increased this year by three times at least. The pair is also negatively affected by the expectation of a rather strict protocol of the latest Fed meeting.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI is testing the level of the oversold zone. Stoch are rising.

Trading recommendations: If the price doesn't go back to being higher than 1.0530 when the protocol is published, there is a possibility of a further fall to 1.0500 and to 1.0470.