15.08.2017
EURUSD
The pair continues to fall amid the weak 2nd quarter GDP data from Germany, which may decrease the probability of the reduction in ECB stimulus measures next year. Positive US retail sales data also may pressure the prices.
The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI is falling. Stoch are entering the oversold zone.
Trading recommendations:
Sell the pair once the 1.1720 level is breached, considering a possible fall to 1.1600.
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