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EURGBP Technical analysis 15.09.17

EURGBP

The pair may continue falling against the backdrop of rising expectations of the ECB raising the interest rates or reducing the volumes of economy stimulation before the end of the year.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone, Stoch are also there.

Trading recommendations:

If the price drops below 0.8860 mark, it's likely to go further down to 0.8650

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