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EURUSD Technical Analysis 09.02.2017

EURUSD

The pair is trading lower than 1.0680 level. It is possible that it will continue falling amid the rise in political tensions due to to the elections in France. 

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under 50% level and keeps falling. Stoch have also turned downwards.

Trading recommendations: The pair has all chances to continue falling to 1.0625.

Author: admin
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