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Waiting for decline to the point (2/8)

01 July 2015, EUR/USD

Waiting for decline to the point (2/8)

4 hours’ chart of EURUSD. The pair has bounced back from the main level of support and resistance 1.1230 (4/8). This level can created a rather strong resistance area supported by the day and weekly Supertrend line. The main scenario considered by us is still decline of the price with the nearest target based on the level (2/8).

Nikolay Krishtopov
FreshForex Analyst
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