13.11.2017
EURUSD
The pair is still trading within the range of 1.1550–1.1670. The delay in passing of the new tax law in the US and the absence of important economic data are causing the pair to consolidate. The pair is likely to remain within this range today.
The price is above the middle Bollinger band, below SMA 5, but still above SMA 14. RSI is above the overbought zone and is reversing downwards. Stoch are moving down.
Trading recommendations:
Sell the pair with a likely target of 1.1550.
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