Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 13.11.2015


    The pair consolidates before the US PPI (YoY) data release, which is expected to be strong. Our yesterday's prognosis stays the same - positivie statistics will push the pair down.

    The price is on the upper Bollinger band, lower than SMA5 but higher SMA14. RSI index crosses 50% line up to down. Stoch are turning down.

    Trading recommendations: Sell the pair if the US data is positive with local targets of 1.0650 and 1.0515.

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