31.08.2016
EURUSD
The pair is consolidating above an important level of 1.1130 while waiting for the publication of the ADP data. If the numbers are 175 000 or higher, a further fall can be expected.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI is entering the oversold zone. Stoch turned upwards.
Trading recommendation: Sell the pair if the ADP data is positive and 1.1130 level is breached with probable targets of 1.1065 and 1.1040.
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