EUR/USD: 27.02.2017 D1
Downtrend and short-term downward movement.
Price below diagonal and horizontal resistances.
Price action: Pin bar at levels of resistance - probable downward impulse
Indicators:
Break and test below 50 SMA as 200 SMA is above it - downtrend is likely to continue
SL 1,065
Alternative scenario: A break above the upper shadow of the pin bar will negate the bearish scenario and probably the price will consolidate around current levels.
Trader Nikolay Georgiev
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