EUR/USD 20.10.2016 D1 chart.
Long term downtrend and mid term choppy.
Key levels and price above support at 1.0950.
Fibonacci 61,8 of the upward movement.
Break below 1.0950 will give signal for new sell with stop loss 1.1020
While price is above 1.0950 long positions are apropriate with stop loss 1.0920 as we have pin bar on H4 for probable reversal of the short term downward trend.
Jr. Trader Nikolay Georgiev
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