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Wait the price to hit level (0/8)

07 August 2015, EUR/USD

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

four-hours' chart of EURUSD. The level (2/8) continues to develop the local upward correction. Nevertheless, the main scenario we are considering is continuation of downward movement targeting to hit support on the main level 1.0742 (0/8). An additional signal confirming this scenario will be breakthrough of the level (2/8) from top ti down.

Nikolay Krishtopov
FreshForex Analyst
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