17.01.2018
EURUSD
The pair is trading above the support level of 1.2200, but if today’s consumer inflation data in the eurozone turn out to be weak, the price may fall.
The price is above the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI has left the overbought zone. Stochastic oscillators are trying to reverse downwards.
Trading recommendations:
The price is likely to fall to 1.2200 and then likely further down to 1.2115.
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