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EURUSD Technical analysis ‏27-01-2016 by Grand Capital

 

EURUSD

 

The pair can receive support it the Fed is reluctant to raise the interest rate. In this case the pair will have all the chances to rise up to the upper border of the 1.0800-1.0990 range.

The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level. Stoch are under the overbought zone.

Trading recommendations: Buy the pair if Fed's approach to the interest rate hike is rather "soft" with an approximate target of 1.0990-1.1000.

 

Source: https://grandcapital.net

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