EMAAR Technical Overview
Posted on Thursday, October 20 2016 at 4:33 am GMT+0000Bearish sentiment.
Both long and medium term traders remain neutral with the market revealing weak characteristics, where a confirmed break above the weekly top at 7.46 would be needed in order to confirm a shift in the long term outlook. Moving to the short term, bearish pressure below the 6.90 level have signaled a further decline, placing bullish scenarios on hold, and with the negative trending characteristics, traders shall wait for stronger trending developments in orders to materialize new market entries.
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