years on the market

Technical analysis 08.06.18

EURUSD

The pair is trading below 1.1800 against the background of profit taking by investors following the growth before the Fed and the ECB meetings next week.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving down. Stoch are also falling.

Trading recommendations:

The pair has the potential of a local fall to 1.1700–20.

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