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The second attempt to pull through (4/8)

The second attempt to pull through (4/8) | 06 May 2015

06 May 2015, EUR/USD

The second attempt to pull through (4/8) 4 hours’ chart of EURUSD. The pair continues its correctional downward movement but it has not reached (2/8) and returned to move upwards. Currently, it is doing a strength test of (4/8). It is the strongest level in the system but as a rule there are more chances to pull through this level for the second time. If the price manages to consolidate above this level, ascending movement will go on to (6/8).

Nikolay Krishtopov
FreshForex Analyst
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