08.07.2019
EURUSD
The pair is consolidating above 1.1215 following last Friday’s drop. It’s expected to resume local decline after a small upwards correction.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is reversing downwards on the line of the oversold territory. Stoch are still growing.
Trading recommendations:
Sell the pair at its growth, approximately from 1.1250 or as it drops below 1.1215 with a possible target of 1.1180.
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