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EURUSD technical analysis 20.01.2020

20.01.2020

Market Review

The pair may grow even before the ECB's monetary policy decision, as the regulator's future monetary policy is not expected to be resolved at this meeting.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is located above the oversold zone and is growing. Stoch are out of the oversold zone.

Trading recommendations:

If the price fixes above 1.1085, it may resume growth to 1.1165.

Author: admin
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