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Waiting the price at (2/8)

21 May 2015, EUR/USD

Waiting the price at (2/8)

4 hours’ chart of EURUSD. The pair is consolidated around an arrow range. Since consolidation is taking place between the levels, we have minor chances for reversal. We can expect correction to the area of concentration of three Super trends, whereupon a downward movement will take place again. Another option is that a drop will continue. In both cases, the first target is the point (2/8).

Nikolay Krishtopov
FreshForex Analyst
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