years on the market

Forex: technical overview 09.01.18

EURUSD

The pair is still under pressure as the Euro is sold following its unfounded speculative growth just before the new year.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50% and is going down. Stochastic oscillators are in the oversold zone.

Trading recommendations:

The pair broke out the mark of 1.1955, which may lead to its going down to 1.1900.

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