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Technical Analysis 04.05.18

EURUSD

The pair is consolidating inside a narrow range awaiting for the US Payroll data. It can be assumed that strong data can lead to a slight fall.

The price is lower than the lower Bollinger band, at the EMA 5 and EMA 13 levels. RSI is moving horizontally. Stoch are rising.

Trading recommendations: 

The pair can go down to 1.1900 amid a strong US April Payroll data.
 
 

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