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    EUR/USD: technical analysis on 09.10.2015

    On the daily chart, the pair keeps trading within an ascending triangle pattern that started forming in February. The price is approaching the upper MA of Bollinger Bands, while bands remain narrow and directed sideways. Moving averages with 65 and 130 periods are just underneath the middle MA of the indicator, directed horizontally. The RSI and Composite show similar dynamics both growing away from their MA’s but not reaching critical levels yet. The pair is in consolidation mode.

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