15.01.2018
EURUSD
The pair is trading above the mark of 1.2200 as the US dollar weakens, while the ECB is expected to stop the stimulation of economy this year.
The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is in the overbought territory. Stochastic oscillators are already there.
Trading recommendations:
If the price remains above the level of 1.2185, it’s likely to continue to go upwards to 1.2300 after a moderate correction.
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