04.10.2016
EURUSD
The price breached the support level of 1.1200, pushed by the positive US manufactuting PMI data, which, in its turn, can lead to the pair's local fall.
The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is lower than 50% level and falling. Stoch are entering the oversold zone.
Trading recommendations: Sell the pair on its probable fall to the lower border of the 1.1120-1.1280 range.
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