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EURUSD Technical Analysis 16.08.2016

EURUSD

The pair has breached the resistance level of 1.1230. If the US CPI data turns out to be positive, the price can return to the 1.1070-1.1230 range.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is right under the overbought zone. Stoch …

EURUSD Technical Analysis 15.08.2016

EURUSD

The weakness of the US dollar is pushing the pair up, but the high probability of stimulus expansion by ECB acts as a restraining factor here. It is most probable that the price will remain inside the 1.1135-1.1225 range until the news from the ECB is published. If ECB …

EURGBP SELL

The pair has reached another maximum and looks overbought. Correction in EURGBP can be expected amid GBP recovery. Open a SELL order from 0,86000 level.

Stop/Loss: 0,86460.

Take/Profit: 0,85270 – 0,84750.

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