EURUSD Technical Analysis 03.10.2016

EURUSD

The price keeps consolidating prior to the release of the new US economic data as well as the results of Presidential elections. The pair stays in a narrow range, which it will leave on the 8th of November.

The price is higher than the middle Bollinger band, lower than SMA5 but higher than SMA14. RSI is higher than 50% level and gradually decreasing. Stoch reside in the overbought zone and turning downwards.
 

Trading recommendations: If the US economic data is good, there is a good chance of the price fall to 1.1140 once the 1.1200 level is breached.