Grand Capital - Analytics

    Grand Capital

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    EURUSD Technical analysis 30.11.2015


    The pair keeps consolidating in 1.0565-1.0600, a rather narrow range. It probably won't change until ECB monetary policy decision is announced this Thursday.

    The price is on the lower Bollindger band, higher than SMA5, but lower than SMA14. RSI stays under 50% level and going downwards. Stoch also signal a downward market trend is to take place.

    Trading recommendations: Sell the pair while it is rising from 1.0600 with a local target of 1.0565.

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