The pair is going through correction | 29 May 2015

29 May 2015, EUR/USD

The pair is going through correction

4 hours’ chart of EURUSD. As we expected, in the result of a correctional bounce the pair has broken4 hours’ Super trend line from bottom to top. Pace of decline has been lost, so this line won't work for sime time. As for a correctional bounce, it is not over yet. We are waiting when the price reaches the point (2/8), whereupon we can expect a new ascending wave. As an alternative option, we consider the plan where reversal pattern will work and lead to growth to the point (4/8).

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus