08.12.2017
EURUSD
The pair is under pressure as the positive attitude towards the USD strengthens among the investors. The US employment data is to be released today and is expected to be strong, which should support the USD on the currency markets.
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 territory.
Trading recommendations:
The price is expected to fall down to 1.1720 and then, probably, to 1.1700.
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