DEYAAR Technical OverviewPosted on Tuesday, February 28 2017 at 5:37 am GMT+0000
Intraday reversal above 0.610.
With the market reflecting a weak trend in the medium term, traders shall remain on the sidelines as the correction targets a solider support around the 0.550 level in an attempt to sustain the decline. Medium term trend indicators are displaying mixed signs, warning of a possible sideways consolidation. While short term traders should remain skeptical for further declines, unless a direct break above the 0.610 completes an intraday Bullish reversal and allow for short term positions.