20.12.2019
The pair is trading above 1.1110 in anticipation of GDP data publication along with with other US economic indicators.. If they turn out to be no worse than predicted, this may result in a local decline of the pair.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is gradually declining. Stoch are not informative.
Trading recommendations:
Sell a pair with a probable local target of 1.1050 after its decline below the level of 1.1110.
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