23.10.2019
The pair is trading at 1.1120 amid Brexit, and in anticipation of the ECB monetary policy meeting this Thursday. If the pair does not hold above this mark, it will be highly likely to resume its downward correction.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. The moving averages suggest selling. RSI is at 50% and indicates a weakening of the decline. Stoch are uninformative
Trading recommendations:
If the pair drops below 1.1120, it is likely to continue dropping to 1.1100 and then to 1.1070.
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