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The pair is testing support area

30 July 2015, EUR/USD

The pair is testing the support area

four-hours' chart of EURUSD. The pair pulled back down heavily enough and now is testing strength of support area formed by the Day Supertrend line and the level (2/8). While the price is above this field, our primary option scenario is growth of the pair. The objective is still the Weekly Supertrend line. Thus, this option will be canceled by a breakdown of the Day Supertrend line from top to bottom.

Nikolay Krishtopov
FreshForex Analyst
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