The level (2/8) holds the price

13 July 2015, EUR/USD

The level (2/8) holds the price

4 hours’ chart of  EURUSD. The pair is still going through correction. Upon that, at present it has bounced from the area of resistance formed by day and weekly Supertrend lines. The level 1.1108 (2/8) is holding the price from a further fall down, so at present we expect one more ascending wave with the target based on the level 1.1230 (4/8).

Nikolay Krishtopov
FreshForex Analyst
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