21.10.2019
The pair is trading above the level of 0.6860. It still has the potential for a local growth to 0.6895. From a technical point of view, the pair continues to form a double bottom reversal pattern. But due to being locally overbought, it is possible to buy it as it corrects downwards.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone and rising. Stoch are in the overbought zone and trying to reverse downwards.
Trading recommendations:
If the pair does not hold above the level of 0.6860, it may correct to 0.6835, which will be 23% of the Fibonacci Retracement. Buy the pair from this level.
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