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We are waiting for a further growth

28 July 2015, EUR/USD

We are waiting for further growth

four-hours' chart of EURUSD. After breakdown of the intermediate level of resistance (2/8), the primary plan we are considering now is growth of the pair. The target of growth is the nearest resistance level, which, at the moment, is represented by the week SuperTrend line. The nearest support is the four-hours'line of SuperTrend. This option will be canceled in case of breakdown and consolidation of the price below the level of (2/8).

Nikolay Krishtopov
FreshForex Analyst
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