22.10.2019
The pair is trading below 1.1170, awaiting the outcome of the ECB monetary policy meeting. If the pair fails to rise above this mark, it will likely start a correction.
The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI has come out of the overbought zone and is declining. Stoch unfold upwards.
Trading recommendations:
If the pair drops below 1.1140, it is likely to continue to correct up to 1.1100, and then to 1.1070.
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