10.12.2015
EURUSD
The pair is correcting down after it surged on Wednesday on the wake of closing trend for the US Dollar. Because of the local overbought it can correct not just by 23% by Fibonacci, but by 38%.
The price is on the upper Bollindger band, lower than SMA5, but higher than SMA 14. RSI left the overbought zone, so did Stoch.
Trading recommendations: Sell the pair with approximate targets of 1.0915 and 1.0840.
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