27.04.2018
EURUSD
The pair has fallen down to the target level of 1.2075 and keeps falling. It’s under pressure as the ECB is no longer expected to abandon the economic stimulus measures. The strong US economic statistics data released yesterday supports the USD.
The price is below the lower line of the borders of Bollinger lines, below EMA 5 and EMA 13. RSI is again entering the oversold zone. Stochastic oscillators are already there.
Trading recommendations:
Sell the pair with a possible target of 1.2000.
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