13.03.2018
EURUSD
The pair is consolidating above 1.2285 as the US consumer inflation data is expected to be released. If the data isn’t worse than predicted, a local decline of the pair will be expected.
The price is on the middle line of the borders of Bollinger bands, on the level of EMA 5 and above EMA 13. RSI is on the level of 50%. Stoch stopped growing.
Trading recommendations:
If the pair passes the level of 1.2285 following the positive news from the US, it may go further down to 1.2200.
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