18.10.2016
EURUSD
The pair has corrected up amid profit taking, but if the US consumer inflation numbers are high, it will put the pair under a fair amount of pressure.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides lower than 50% level and turning down. Stoch are leaving the overbought zone.
Trading recommendations: Sell the pair once it's fallen below 1.1000 amid the positive data from the US, considering its further fall first to 1.0965 and then to 1.0900.
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