02.10.2018
EURUSD
The pair remains in downtrend due to the USD’s stronger positions and the difference of the interest rates between the Fed and the ECB, not in favor of the latter.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is enterubg the oversold zone. Stoch are also there.
Trading recommendations:
If the pair goes below 1.1565 and takes hold there, it will be more likely to continue further down to 1.1500.
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