28.11.2019
The pair is consolidating in a narrow range of 1.0990-1.1020 due the continuing by the USD which is supported by the strong US economic data, but its noticeable growth is held back by the uncertainty of the US-China trade talks.
The price is below the middle line of the Bollinger band, above SMA 5, but below SMA 14. RSI is located below the level of 50% and gradually decreases. Stoch are growing.
Trading recommendations:
The price is expected to continue trading flat on the Thanksgiving holiday. The pair may start dropping after breaking the strong support level of 1.0990, possibly to 1.0950.
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