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June 2016

EURUSD Technical Analysis 22.06.2016


The pair is receiving some support on the wake of US dollar weakness caused by Tuesday Yellen speech. Despite that, it will probably remain within the range until the Brexit vote results are announced.

The price is lower than the middle Bollinger band, higher than SMA but lower than SMA14. RSI resides lower than 50% level and gradually rising. Stoch are leaving the oversold zone.

Trading recommendations: Buy the pair amid the US dollar weakness preparing for it to rise up to the highest border of 1.1230-1.1380 range.

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