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EURUSD Technical Analysis 14.12.2016 by GrandCapital‏

 

The pair is trading lower than 1.0650 level proir to the release of the Fed monetary policy meeting results. If the results are positive for the US dollar, the pair can turn downwards, which is to be triggered by the Fed's representative announcement indicating the willingness of the institution to raise the interest rate next year, should the need for such measure become evident. The reversed situation will put the US currency under a not-so-critical pressure.

 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is trying to continue rising. Stoch have turned upwards.

 

 

Trading recommendations: Wait for the results of the Fed's meeting. Sell the pair if the news are positive for the US dollar and considering a probable fall to 1.0530.

 

Source: https://grandcapital.net

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