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June 2016

EURUSD Technical Analysis 24.06.2016


Tha pair has fallen dramatically  amid the first reaction to the Brexit vote results. It then partially cut losses amid the profit-taking. However, most probably, it is not the end and the pair will continue to fall further.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI is leaving the oversold zone. Stoch are turning upwards.

Trading recommendations: If the prce falls lower 1.1100, further fall to 1.0820 is inevitable. 

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