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Preparing to break the level (5/8)

15 September 2015, EUR/USD

Preparing to break the level (5/8)

The four-hours chart of EURUSD. The pair jumped down from the top of the channel (3/8 & ndash; 5/8). But you should pay attention that the price is kept above the fourhours Supertrend Line. This line is known to be strong only in case of a clear directional price movement. Therefore, in the near future it may break the level (5/8) from bottom to top. So today the target of the pair is 1.1475 (6/8). Sales are closed.

solutions: buy from the fourhours Supertrend Line

Nikolay Krishtopov
FreshForex Analyst
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