14.11.2016
EURUSD
The pair is consolidating above 1.0785 level. The increase in US public bonds sales and the continuing repatriation of funds are to cause further strengthening of the US currency.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are entering the oversold zone.
Trading recommendations: Sell the pair either on the upward bounce, roughly from 1.0845, or upon the breaching of 1.0785 support level, with a possible target of 1.0700.
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