07.11.2019
The pair has formed a double top reversal pattern, which continues it’s formation. The Fed may stop cutting rates, and this will put pressure on the pair.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located on the oversold zone line and moves horizontally. Stoch are also in this zone and uninformative.
Trading recommendations:
Expect the pair to continue dropping to 1.1000.
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