Grand Capital - Analytics

    Grand Capital

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    EURUSD 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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