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EURUSD Technical analysis 18-02-2016 by Grand Capital‏

 

The pair is moving in a narrow range awaiting for the publication of the latest ECB meeting minutes dedicated to monetary policy. If new stimulus measures are mentioned the pair can fall under some local pressure. If it is not, it can cause a local rise.

The price is on the lower Bollinger band, lower than SMA5 and SMA14. RSI is lower than 50% level and moving horizontally. Stoch are trying to rise.

Trading recommendations: Sell the pair once 1.1125 level is breached with a local target of 1.1080.

 

Source: https://grandcapital.net

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