29.10.2019
The pair is trading above 1.1085, remaining under pressure caused by the expected pause in the interest rate cut by the Fed and, on the other hand, the expansion of the economic stimulus measures by the ECB with the appointment of a the new president Christine Lagarde.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and is declining. Stoch have turned down.
Trading recommendations:
Sell the pair after its decline below 1.1085 with a likely target of 1.1030.
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