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Old 16-10-2015, 09:56
GrandCapital GrandCapital is offline
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Join Date: Feb 2015
Posts: 6
Default Re: EURUSD trading recommendations Grand Capital

Technical analysis 16.10.2015

The published inflation rates were in accordance with the forecast and imply both: growth in September and 0.1% fall this year. Export surplus decreased dramatically till 11.2 billion Euro against 31.4 billion which is a negative factor for the European currency.
The price is lower than the middle Bollinger band and lower than SMA 5 and SMA 14. RSI index is under 50% level and moving horizontally. Stoch is located in overbought zone.

Trading recommendations: It is better to sell the pair after 1.1345 level is passed with a local target of 1.1300.
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