16.02.2017
EURUSD
The pair has recovered after the fall it took amid profit taking, but it still remains under pressure, which can lead to another fall on the wave of sales from higher levels.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides under 50% level and turning downwards. Stoch are in the overbought zone and also reversing down.
Trading recommendations: If the price falls lower than 1.0590 a further fall to 1.0500 will follow.
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