07.02.2019
EURUSD
The pair is above 1.1350 due to weaker Euro because of the likely recession of the eurozone’s economy this year, and to stronger positions of the USD as a safe-haven currency.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold territory and is moving horizontally. Stoch are also in this zone.
Trading recommendations:
If the pair drops below 1.1350, it may go further down to 1.1300.
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