22.10.2015
EURUSD
The uncertainty reagrding the future of stimulus program is pushing the pair down. If the decision to expand the program is positive, the pair can fall under a great pressure as it happened last month after the ECB meeting.
The pair is on the lower Bollinger band and also lower than SMA 5 and SMA 14. RSI index is under 50% level and signals the downside trend. Stoch is in the oversold zone.
Trading recommendations: After 1.1305 level is passed the price will likely fall till 1.1225.
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