09.10.2019
The pair dropped at the support level of 1.2200 due the Brexit news. The political struggle among British elites and the inability to agree with Brussels leads to a high degree of uncertainty, which puts pressure on the pair.
The price is below the middle Bollinger indicator, below SMA 5 and SMA 14. RSI is above the oversold zone and is slightly declining. Stoch are on the border of the oversold zone and uninformative.
Trading recommendations:
The pair's decline below 1.2200 may lead to its drop to 1.2100.
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