The pair is testing the bottom of the strongest system level

10 August 2015, EUR/USD

The pair is testing the bottom of the strongest system level.

The pair is testing the bottom of the strongest system level

The EURUSD four-hour chart. After two unsuccessful attempts to break 1.0864(2/8) level, the pair rebounded upwards. But at this moment, corrected rollback achieved the strongest level of the system (4/8), and it’s not easy to break it. So, the main scenario is that the pair will go downwards with target at the main 1.0742 (0/8) support level.

Nikolay Krishtopov
FreshForex Analyst
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