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Correction and a further movement down

Correction and a further movement down | 27 August 2015

27 August 2015, EUR/USD

Correction and further down

The four-hours' chart of GBPUSD. The pair has not only reach the nearest goal based on the main goal of support and resistance level (4/8), but has also almost reached the mark (1/8). At the moment, we can expect a correctional rollback in the upward direction with the nearest goal based on fourhours' SuperTrend line, from which you may try to sell the pair. Alternatively, testing of the reversal pattern with growth to (1/8) to the level (4/8).

Nikolay Krishtopov
FreshForex Analyst
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