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EURUSD Technical analysis 07.12.2015

EURUSD

The pair continues downside correction awaiting for US rate hike next week. Positive non-farm figures provided the US currency with additional support.

The price is on the upper Bollindger band, lower than SMA5 and SMA14. RSI keeps falling. Stoch start entering the oversold zone.

Trading recommendations: Sell the pair expecting further fall till 50% Fibonacci retraction fan - 1.0740 after breaching 1.0800.

 



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