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Old 19-10-2015, 08:44
GrandCapital GrandCapital is offline
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Join Date: Feb 2015
Posts: 6
Default EURUSD Technical analysis 19.10.2015

The pair consolidates expecting this week’s ECB meeting results. If Mario Draghi will imply the further stimulus program expansion, strong local pressure on the pair can be expected.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI index is under 50% level and moving horizontally. Stoch is also under 50% level.

Trading recommendations: The pair will most likely consolidate in a narrow range, but depending on Draghi’s speech, it can fall to 1.1265 level after 1.1345 is passed.
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