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Wait the price to hit level (2/8)

02 July 2015, EUR/USD

Wait the price to hit level (2/8)

4 hours’ chart of  EURUSD. Following to a failing attempt to pass the main level of support and resistance  (4/8), the pair has renewed downward movement. Now the price is approaching to the main target based on the level (2/8). This level has a medium strength and the price can break it from the second attempt. In this case, the next target for declien will be the main level of support (0/8).

Nikolay Krishtopov
FreshForex Analyst
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