manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Wait for the exceeded movement down

14 August 2015, EUR/USD

Wait for the exceeded movement down

4 hours’ chart of EURUSD. The pair bounced up from the support area formed by level (6/8), and the line of 4-hours Supertrend. At the moment, we can expect even a small growth to the week Supertrend line and the continuation of the descending movement with the target at the main support/resistance level (4/8). This scenario will be cancelled by consolidation of the price above the daily SuperTrend.

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .