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Correctional pullback has reached its target

Correctional pullback has reached its target | 01 June 2015

01 June 2015, EUR/USD

Correctional pullback has reached its target

4 hours’ chart of EURUSD. Correctional pullback has reached its target, represented by the intermediate level of resistance (2/8). The pair has renewed its downward movement from this level. Nevertheless, from current positions we may expect a new wave of growth and retest of the point (2/8). Only after that the movement with target (0/8) will start. An alternative option is continuation of growth within the frames of correction on the line of Day Super trend.

Nikolay Krishtopov
FreshForex Analyst
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