19.08.2016
EURUSD
The pair has grown amid the equally strong weakening of the investor interest in the US dollar. But today, quite probably, a number of long positions will be closed due to the locally overbought market being a good occasion to take profits.
The price is higher than the upper Bollinger band, higher than SMA 5 and SMA 14. RSI is in the overbought zone. Stoch are falling.
Trading recommendations:
Sell the pair at 1.1230 with its possible drop to 1.1250.
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