EURUSD Technical analysis 25.12.2015

EURUSD

The pair will most probably keep consolidating in 1.0880-1.0970 range befor the New Year.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and is moving horizontally. Stoch turned downwards after leaving the overbought zone.

Trading recommendations: We expect that the activity will remain quiet before the New Year and the pair can move in the range mentioned above. But there's a possibility that right after the New Year the price will breach the 1.0970 support level and aim at 1.1050.