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Descending movement is expected to renew

02 June 2015, EUR/USD

Descending movement is expected to renew

4 hours’ chart of EURUSD. There was nothing significant moves on the chart for the last 24 hours. Following to its bounce from the intermediate level of resistance (6/8), the pair undergoes through consolidation now. We can expect that the point (2/8) will be retested, but from the middle-term outlook, the pais is still looking down and the first target coming here is the main level of support (0/8).

Nikolay Krishtopov
FreshForex Analyst
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