01.11.2016
EURUSD
The pair has stopped above the support level of 1.0960 and has chances to either continue to rise amid the closure of some of the short positions or to fall, remaining in the narrow range of 1.0930-1.1025.
The price is higher than the middle Bollinger band, lower than SMA5, but higher than SMA14. RSI is moving horizontally. Stoch are turning downwards.
Trading recommendations: If the price falls lower the 1.0960, it can lead to further fall to 1.0930 or it can rise up to 1.1025 once the level of 1.0980 is breached.
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