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Forex: technical overview 29.01.18

EURUSD

The pair is trading above the mark of 1.2380, as the new economic statistics data on consumer inflation in the US is expected to be released.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is moving down. Stochastic oscillators indicate a pause in decline.

Trading recommendations:

If the pair goes below the mark of 1.2380, there’s a possibility of a local falling down to 1.2295.

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