EURUSD Technical Analysis 10.10.2016

EURUSD

The pair failed to breach the 1.1200 level which makes the odds of the pair's rise up to the upper border of the range 1.1120-1.1280 significantly lower. The payroll data turned out to be worse than was expected, but demonstrated an overall strength of the labor market which is good for the US dollar. 

The price is lower than the middle Bollinger band, lower than SMA5, but still higher than SMA 14. RSI is passing the 50% level. Stoch pointing down.
 

Trading recommendations: Sell the pair with a consideration of a possible fall to 1.1100.