Fading into PHARM negative trend.Pharming Group - 30d expiry- We look to Sell a break of 0.934 (stop at 0.993)
Short term bias has turned negative.
Daily signals are mildly bearish.
A higher correction is expected.
We are trading at overbought extremes.
0.936 has been pivotal.
A break of 0.936 is needed to confirm follow through negative momentum.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 0.794 and 0.754
Resistance: 0.980 / 1.054 / 1.110
Support: 0.936 / 0.900 / 0.860
Disclaimer – Saxo Bank Group.
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