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Wait the price to hit level (0/8)

05 August 2015, EUR/USD

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

four-hours' chart of EURUSD. The pair has jumped down from the resistance line, formed by day SuperTrend line and the level of (2/8). Currently the pair is at a reversal level (1/8), but so far we have not received confirmation signals for the upward turn of the price and our main expectation is continuation of the downward movement. Target is the main support level (0/8).

Nikolay Krishtopov
FreshForex Analyst
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