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Forex: technical overview 03.04.18

EURUSD

The pair is restoring following the surge of futures contracts on major American stock indices, which is a result of China increasing tariffs on US imports yesterday.

The price is above the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is testing the level of 50% moving upwards. Stoch are reversing upwards.

Trading recommendations:

If the price passes the level of 1.2335, the pair may experience a local growth up to 1.2380.

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