10.10.2019
The pair is consolidating, while forming a continuation pattern “descending flag”. If the US inflation data doesn’t show growth, the pair will receive support.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and moves horizontally. Stoch are growing.
Trading recommendations:
If the pair goes above 0.6315, the target of the continuation pattern may go up to 0.6365.
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