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The pair has forced area of ​​support

The pair has forced area of ​​support | 31 July 2015

31 July 2015, EUR/USD

forcing area of ​​support

four-hours' chart of EURUSD. The field support, formed by the Day Supertrend line and the level 1.0986 (2/8) was not able to hold the price. The pair has consolidated under these levels. Therefore, now we can expect a corrective pullback to the area around 1.0986 price (2/8) and resumption of a downward movement with the target based on the main support level 1.0742 (0/8).

Nikolay Krishtopov
FreshForex Analyst
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