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Wait the price to hit level (0/8)

Wait the price to hit level (0/8) | 03 August 2015

03 August 2015, EUR/USD

We are waiting for the price level (0/8)

four-hours' chart of EURUSD. The pair is testing strength of the support area formed by the level (2/8) and the Day Supertrend line. Apparently, this area will be pushed through, cause the pair has already been in the area for a sufficient time and we have not seen its bounce from it. Therefore, our primary option to consider is decline of the pair to the main support level (0/8).

Nikolay Krishtopov
FreshForex Analyst
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