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EURUSD Technical Analysis 06.07.2017

EURUSD

The pair remains in the short term downside trend. The positive ADP Nonfarm Employment data, which is to be released today, will most probably push the pair down.

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides lower than 50% level and moving horizontally. Stoch are turning downwards. 

Trading recommendations:
The pair may reach 1.1280 level amid positive data. 

Author: admin
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