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EURUSD Technical Analysis 08.09.2016

EURUSD

The pair is traded above 1.1225 level, which creates potential for its local rise, but only if Draghi doesn't announce some new plans to expand stimulus measures aimed to support the economy.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is rising gradually. Stoch turned upwards. 

Trading recommendations: Buy the pair while 1.1265 level is being breached amid Draghi's speech with possible target of 1.1300.

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