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Forex: technical overview 19.01.18

19.01.2018

Market Review

EURUSD

The pair is within the range of 1.2165–1.2300. The market players are waiting for the results of the ECB meeting next week. The current state of affairs is likely to last until this event.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is above the level of 50% and is slowly growing. Stochastic oscillators are also going up.

Trading recommendations:

The pair is expected to remain today within the range of 1.2165–1.2300.

Author: admin
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