13.07.2016
EURUSD
The pair is still consolidating in the 1.1020-1.1160-65 range. It is due to the absence of clear signals that would provide the price with additional support nor pressure it because of the unclear situation arount the US interest rates and ECB soft monetary policy.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under 50% level and slowly getting lower. Stoch are entering the oversold zone.
Trading recommendations: Buy the pair on the fall with approximate target of 1.1160.
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