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EURUSD Technical analysis 27.11.17

27.11.2017

Market Review

EURUSD

The pair is noticeably overbought and may fall as the US Senate is expected to pass the new tax law.

The pair is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving downwards in the overbought zone. Stoch are leaving the overbought zone.

Trading recommendations:

If the price falls below 1.1900, it may go further down to 1.1850.

Author: admin
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