07.10.2019
The pair consolidates above the level of 106.70 due the release of new inflation data, the publication of the minutes of the Fed's September meeting on monetary policy, as well as the speech of J. Powell this week.
The price is below the middle Bollinger band indicator, above SMA 5, but below SMA 14. RSY is below 50% and moves horizontally. Stoch are in decline.
Trading recommendations:
The pair can correct to the upper limit of the range 106.70-107.05. If it holds there, the price nay reverce, pass the level of 106.70, and a drop further to 106.20.
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