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Upward movement is expected to continue

Upward movement is expected to continue | 20 August 2015

20 August 2015, EUR/USD

We look forward to the continuation of the upward movement

The four-hours' chart of EURUSD. The pair has resumed the upward movement as a result of breaking the level (6/8) from bottom to the top. Break of this level suggests that the upward movement will continue. The first target is the Weekly SuperTrend line. Cancellation of option can be due to the event of breakdown and consolidation of the pair below the four-SuperTrend line.

Nikolay Krishtopov
FreshForex Analyst
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