09.01.2020
The pair rests at the level of 1.1110 after a local decline due to falling tensions in the middle East. It can either turn up today if the level persists, or break through and plummet following the publication of the US employment data on Friday.
The price is below the middle Bollinger band, at SMA 5 and below SMA 14. RSI moves horizontally above the oversold zone. Stoch are growing up.
Trading recommendations:
A drop below 1.1110 will lead to a local price drop to 1.1065. At the same time, if the price remains on the same level, there is a probability of a rebound to 1.1155.
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