13.01.2020
The pair is trading below 0.6930 in anticipation of the new US-China trade deal to be signed this Wednesday, which may become a driver for local growth of the pair.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and indicates a weakening of the price growth. Stoch are rising up in the overbought zone.
Trading recommendations:
If the price crosses 0.6930, it may experience a limited increase to 0.7025.
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