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Wait for the price on the level (4/8)

Wait for the price on the level (4/8) | 13 August 2015

13 August 2015, EUR/USD

Wait for the price on the level (4/8)

4 hours’ chart of the EURUSD. Breaking the level (6/8) the pair continued the ascending movement. This was practically achieved the strongest resistance level (8/8), from which the pair bounced down pretty fast. At the moment, we can expect prices rebound upward from the level formed an intermediate support level (6/8) and 4 hours’ Supertrend line. But still the downward movement with the target on the main support/resistance level (4/8) stays with highest priority.

Nikolay Krishtopov
FreshForex Analyst
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