DFM Technical Overview
Posted on Wednesday, May 17 2017 at 4:31 am GMT+0000Bearish bias.
The extended correction reaching below February bottom at 1.26 has weakened the current long term structure, and therefore a confirmation of a support is needed before validating the next weekly buying signal. Those long term developments are setting clear Bearish medium term outlook. The recent decline below the 1.14 intraday bottom, confirmed the continuation of short term Bearish momentum, supporting the downtrend that was in place since the 8th of March, and pushing traders to remain expectant for further Bearish implications.
| DFM-EN 2017-05-17 |
