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The pair is still under pressure

06 July 2015, EUR/USD

The pair is still under pressure

The pair is still under pressure

4 hours’ chart of EURUSD. Following to a second attempt to test the point (2/8), the pair went to correction again. Nevertheless, pressure remains and we still consider decline of the price as the main scenario. The main level of support and resistance (8/8) is the target for decline. 4 hours’ Supertrend line is main level of resistance.

Nikolay Krishtopov
FreshForex Analyst
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