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The pair is testing area of resistance

23 July 2015, EUR/USD

The pair is testing area of resistance

The pair is testing area of resistance

4 hours’ chart of EURUSD. The pair is still proof-testing the area of resistance formed by day Supertrend line and intermediate resistance level (2/8). As long as the price is under this point, the main scenario considered by us is decline of the price. Target is represented by the main level of support (0/8).

The pair is testing area of resistance
Nikolay Krishtopov
FreshForex Analyst
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