years on the market

Technical analysis 02.09.2019

EURUSD

The pair is consolidating above 1.0980 amid the disagreements in the ECB over the monetary policy.

The price is below the middle Bollinger, below SMA 5 and SMA 14. RSI is located in the oversold zone and moves horizontally. Stoch are not informative.

Trading recommendations:

Sell the pair with a local target of 1.0900 after its decline below 1.0980.

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