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A very strong area of ​​support has been forced

A very strong area of ​​support has been forced | 04 September 2015

04 September 2015, EUR/USD

a very strong area of ​​support has been forced

The four-hours chart of EURUSD. The pair has forced a very strong support area formed by lines of weekly and daily Supertrend and the main support / resistance level (4/8). Now, this area serves as resistance. If the price returns to it, we can expect a new downward wave. As an alternative, you can consider the flat (3/8 - 5/8), which is relevant as long as the price is above the level of (3/8).

trading solutions: sell from the level of 1.1230 (4/8).

Nikolay Krishtopov
FreshForex Analyst
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