EUR/USD : D1 descending trend and middle-term choppy
The price is at the upper shoulder of the choppy movement
Price action signal : Pin Bar at levels of resistance. Activated inside bar for decreasing after the price go below 1.1365
Three inside down
Divergence : higher price top and lower indicator bottom ( RSI and DeM )
RSI below 50
DeM below 70
The price go below 25 EMA in the moment when RSI is going below 25
Alternative scenario : if the price breaks over 1.1617, the formation will be negated
SL: 1.1463
Stefan D. Angelov – Head of stocks trading
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