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Trying to consolidate just under the level (4/8)

03 July 2015, EUR/USD

Wait the price to hit level (2/8)

4 hours’ chart of EURUSD. No significant changes have been noticed on the chart for the last 24 hours. From the local point of view, there is a correctional upward movement. However, the main scenario considered by us is still decline of the price with the nearest target based on the level (2/8). This scenario will only be cancelled by consolidation of the price above 4 hours’ Supertrend line .

Nikolay Krishtopov
FreshForex Analyst
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