28.01.2019
EURUSD
The pair is trading below 1.1425, supported by weaker USD while remaining within the wide flat range of 1.1260–1.1485.
The price is above the middle Bollinger band, on the line of SMA 5, but above SMA 14. RSI is below the overbought territory and is reversing downwards. Stoch are reversing within the overbought zone.
Trading recommendations:
If the pair remains below the level of 1.1425, it may reverse and drop to 1.1370.
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