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EURUSD technical analysis 19.11.2019

19.11.2019

Market Review

The pair is trading above the level of 1.1075 amid weaker dollar, in anticipation of the minutes of the latest Fed’s monetary policy meeting and the speech by the ECB head Christine Lagarde this Friday.

The price is above the middle Bollinger bands, above SMA 5 and SMA 14. RSI is located below the overbought zone and moves horizontally. Stoch are above the level of 50% and intersecting turn up. 

Trading recommendations: 
If the pair holds above the level of 1.1075, there is a possibility of its limited growth to 1.1175.

Author: admin
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