02.09.2016
EURUSD
The pair stopped growing amid the weak US manufacturing PMI data. If the US employment data is positive, the pair has all chances for further decline.
The price is higher than the middle Bollinger band, lower than SMA5, but still higher than SMA14. RSI is turning down. Stoch reside in the overbought zone.
Trading recommendations: Sell the pair while expecting positive data from the US if the 1.1185 level is breached with probable targets of 1.1125 and 1.1065.
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