09.08.2018
EURUSD
The pair couldn’t pass 1.1600 and hold above it. The overall tension around the trade conflict between Washington and Beijing may lead to its reversing downwards and moving further down.
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is testing the level of 50%. Stoch are trying to reverse downwards.
Trading recommendations:
The pair is likely to fall to 1.1535 if the US industrial inflation data doesn’t turn out to be worse than predicted.
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