EUR/USD 07.11.2016 D1 chart.
Short term downtrend and correction to 38,2 Fibonacci.
Price reached levels of segmental diagonal resistance and horizontal resistance.
Technical indicators:
DeM(14) reverses below 0,7 - negative signal
Price below SMA200 andSMA50 ordered in bearish formation - sell
Fundamentals: Information that FBI have no ground for action against Clinton over the new emails, which was a reason for overselling USD last week.
We can wait a correctio to 1.1120 at the SMA50 test.
SL 1.1215
Jr. Trader Nikolay Georgiev
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