EUR/USD: downtrend and middle-term choppy
Correction at resistance levels 1.16
Price action:Pin Bar at levels of resistance on downtrend- negative signal
Price below the Pin Bar bottom
Divergence price indicator- negative signal
RSI went below 70- negative signal
DeM went below 70, divergence - sell signal
SL: 1.1640, the stop can't be lower that is why it is better to wait for a slight correction for sell
Alternative scenario: if the price goes above 1.678, this will break the negative trend
Stefan D. Angelov- Head of Stocks Trading
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