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Technical Analysis 23.01.2019

EURUSD

The pair is trading within a very narrow range before the ECB meeting that will take place tomorrow, on Thursday. It’s likely to remain within this range.

The price is on the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and is not informative. Stoch are entering the overbought territory.

Trading recommendations:

Sell the pair at its growth from 1.1400 with a possible target of 1.1335.

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