Home About the company Daily reviews EURUSD technical analysis 07.02.2020

EURUSD technical analysis 07.02.2020

07.02.2020

Market Review

The pair is trading below 1.0990. The expectation of strong US employment data will lead to a further drop of the pair.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI entered the oversold zone. Stoch turn down.

Trading recommendations:

Sell the pair with a likely target of 1.0925.

Author: admin
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