EUR/USD signals are negative for EUR

EUR/USD: downtrend, mid-term choppy and short-term downtrend.

Short-term short has began with the pin bar at levels of resistance and is still active, bars are registering more new lows

5 ЕМА crossed from top to bottom 13 ЕMA giving a signal for a possible new downward impulse.

Confirmation for new short positions  can be a crossing RSI under 50

Sentiment: Monetary policy of FED is for a stronger dollar, as the ECB  policy is expansionary for a weaker euro.

Stefan D. Angelov – Head of Stocks Trading

 Varchev Traders

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