EUR/USD: 24.03.2017 D1 Chart
Declining trend and short term choppy.
Price under 38.2 Fibonacci of the last movement.
Triangle formated, as the price is in the upper side of the declining trend - possibility to sell.
Price is under key horizontal support - negative signal.
Three lower tops and lower bottoms - the negative tendency is likely to continue.
Indicators:
DeM(14) turns in oversold market above 0.7 - confirming the possible turn of the last corrective movement.
SL: 1.0890
Alternative scenario: Breach and maintaining levels (at least 3 bars) above the resistances will deny this movement.
Trader Nikolay Georgiev
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