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EURUSD Technical analysis 08.04.2016

EURUSD

The pair keeps consolidating in a narrow range amid the absense of strong drivers today. Most probably that won't change much today.

The price is lower that the middle Bollinger band, lower than SMA5 and SMA14. RSI is lower than 50% level and moving down. Stoch signal the rise.

Trading recommendations: Sell the pair once the 1.1340-45 level is breached and the price is fixed lower with approximate target of 1.1220.

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