manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

The pair is going through correction

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
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .