16.08.2019
EURUSD
The pair is on the testing 1.1100 point over the matter of large-scale incentives expectations from the ECB and possible cessation of Fed rate cuts if a clear trade agreement between the US and China is reached.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is on the border of the oversold zone. Stoch in oversold territory again.
Trading recommendations:
Sell the pair at its decline below 1.1100 with a probable target of 1.1025.
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