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EURUSD Technical Analysis 29.05.2017

EURUSD

The pair keeps gradually decreasing amid the possible US interest rate increase during the meeting on 13-14 June. It also reacts to the technical signal — the divergence between oscillators and the price.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under the 50% level and falling. Stoch are entering the oversold zone.

Trading recommendations:
Sell the pair, considering a possible fall to 1.1100, and then to 1.1020.

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