07.12.2016
EURUSD
The pair has rebounded from the local maximum that was reached on Monday. It can fall to the recent minimum if the ECB makes it clear that the stimulum measures may continue in 2017.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides higher than the 50% level and moving horizontally. Stoch are leaving the oversold zone.
Trading recommendations: Sell the pair once 1.0685 level is breached, considering a probable fall to 1.0530.
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