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EURUSD Technical analysis 15.01.2016

EURUSD

The pair can obtain support is the US data on the inflation expectations and retail sales is according to the prognisis or lower, which will significantly lower the expectations of the interest rate hike in March.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and gradually increasing. Stoch turned upwards.

Trading recommendations: Buy the pair if the US data is weak expecting an approximate rise to the higher border of the 1.0800-1.0990 range.

Author: admin
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