11.02.2020
The pair is trading above 1.0905. The pair still has the potential to continue its decline if the eurozone's economy continues to show weak economic growth, and the ECB maintains its current vague position regarding possible changes on the monetary rate.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located in the oversold zone. Stoch are also there.
Trading recommendations:
Sell the pair with a likely target of 1.0850 after its decline below 1.0905.
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