The pair is losing positions, after the quarterly results from Boeing, that came under expectations. The pair is now trading at 1.4913 dollars per euro.The pair is breaking the lower band of Bollinger, which gives scope for a correction to the middle band (1.4932). The RSI is clearly oversold, while the stochastic is showing selling signs.

If the trend remains to the downside, traders will focus on the supports at 1.4890 and 1.4878 (fibo 23.6% marked from 1.4490 and 1.4994).

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