08.08.2018
EURUSD
The pair is trading above 1.1610. The existing demand for risk assets may support the pair in the further local growth within the range of 1.1520–1.1745.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and indicates weaker growth, Stoch are in the oversold zone.
Trading recommendations:
If the pair holds above 1.1610, there’s a possibility of a local growth to 1.1675.
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