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Waiting the price on the level (4/8)

Waiting the price on the level (4/8) | 17 August 2015

17 August 2015, EUR/USD

We are waiting for the price level (4/8)

four-hour chart EURUSD. The pair broke the support level (6/8), thereby confirming our expectations of resumption of the downward movement with the targets based on the main level of support and resistance (4/8). From current position the price can perform a corrective upward pullback to retest the level (6/8) from the reverse side and resumption of the downward movement.

Nikolay Krishtopov
FreshForex Analyst
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