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