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EURUSD Technical analysis 01.11.17

EURUSD

The pair is trading below 1.1665 mark as ADP Jobs Report and the results of today's the Fed meeting are expected to be released.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above 50% level and is moving downwards. Stoch are falling.

Trading recommendations:

If the pair falls below 1.1625 following the positive news from the US, the pair may go further down to 1.1550.

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