EUR/USD: Daily chart, down trend and mod-term choppy .
Shrot-term correction at levels of resistance - dynamic levels of resistance 25 EMA
A couple of equal candles near the levels of resistance
The price returned to test the breaktrough levels at diagonal support, now resistance, engulfing bar, 50% correction at engulfing bar which give us good areas of a new short from 1.1138
RSi remains below 50 - negative movement
There are some factors which have negative fundamental influence on EUR: the expectations for FED to increase the interest rates faster than ECB while ECB prints 80 billion euro a mouth - the monetary policy is being extremely eased, a risk for the Union after Brexit which will have a negative effect on EU economy.
SL: 1.1221
Stefan.D.Angelov - Head of Stocks Trading
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