Log in

Descending movement is expected to renew from (4/8)

03 June 2015, EUR/USD

Descending movement is expected to renew from (4/8)

4 hours’ chart of EURUSD. Having broken the intermediate level of resistance from bottom to top (2/8), the pair has grown. The next moment, the price is approaching the strongest level in the system (4/8). We expect that descending movement will be renewed from this level. Only when price gets consolidated above (4/8), we can consider possibilities of a further growth.

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.