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Wait the price to hit level (0/8)

26 May 2015, EUR/USD

26 May of 2015, EUR/USD

Wait the price to hit level (0/8)

4 hours’ chart of EURUSD. There was a short consolidation, during which the pair was not even able to overcome the point(2/8) from bottom to top and after that the pair continues its further decline. As we pointed earlier, a middle-term target of decline is the point (0/8). We wait when it will be reached. Resistance shall be represented by 4 hours’ Super trend line.

Nikolay Krishtopov
FreshForex Analyst
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