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EURUSD Technical Analysis 09.09.2016

EURUSD

The pair fell due to correction right after reaching a local maximum of 1.1220, but it is most probable that today it will remain inside the 1.1225-1.1300 range.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is moving horizontally. Stoch have also turned upward.

Trading recommendations: If the price falls lower than 1.1260, it can lead to a further price decrease down to 1.1225.

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