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EURUSD Technical analysis 25-01-2016‏ by Grand Capital

 

USDCAD

 

The pair is rising while oil pricess fall correcting after they surged last week. The pair will probably keep rising but if it doesn't breach the 1.429501.4300 level there's a good possibility of it reversing and starting to fall.

The price is on the lower Bollinger band, higher than SMA5, but lower than SMA14. RSI is coming our from the oversold zone. Stoch do just the same.

 

Trading recommendations: Buy the pair with the target of 1.4295 and then sell if the price is higher than 1.4300 with the target of 1.4035.

 

Source: https://grandcapital.net/

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