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EURUSD Technical Analysis 23.09.2016

23.09.2016

Market Review

EURUSD

The pair is trading above the 1.1200 level after Thursday's correction that happened due to the positive data on US unemployment. 
 
The price is higher than the upper Bollinger band, at SМА 5 level, but higher than SMA14. RSI is turning upwards. Stoch stops falling.

Trading recommendations: Buy the pair once the 1.1215 level is breached with probable target of 1.1275. Keep in mind that if the price falls lower than 1.1200, the fall can continue with the price reaching 1.1125.

Author: admin
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