EURUSD
25.01.17
Time frame: D1
The price is moving in a downtrend. There is a repulsion of the horizontal resistance which is in the zone of 1.0780-1.0850.
Price action: Dark-cloud cover formation.
Indicators:
50MA is under 200MA - confirmation of downtrend.
DeMarker has turned and punched 0.7 zone upside down.
SL: 1.0872
Alternative scenario: If the price break horizontal resistance, the signal will be spoiled.
Trainee_S_Adashoglu
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