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Decline of the pair is expected

Decline of the pair is expected | 18 August 2015

18 August 2015, EUR/USD

Decline of the pair is expected

four-hours' chart of EURUSD. While the pair has been moving according to our expectations. I remind that after that the price bounced down the Weekly SuperTrend line. After that, our primary expectation is decline to the main support and resistance level (4/8). Breakdown and consolidation the pair below the level (6/8) worked as one more confirmation for us. We expect that the pair will reach this target in the near future.

Nikolay Krishtopov
FreshForex Analyst
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