10.01.2020
The pair is trading above 1.1100 while consolidating in anticipation of the publication of new jobs data in the US. If it’s stronger than the consensus forecast of 164,000, the pair will be put under pressure and experience a limited decline.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below 50% and is moving horizontally. Stoch are growing.
Trading recommendations:
If the price goes below 1.1100 following the publication of new jobs data, it will lead to a local drop to 1.1065.
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