manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

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