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We're waiting for further decline and correction

We're waiting for further decline and correction | 22 September 2015

22 September 2015, EUR/USD

We are waiting for further reduction and correction

The four-hours chart of EURUSD. As a result of decline, the price has not only reached the target on the main level of support and resistance (4/8), but also has gone through it from top to bottom. From the current position, given the flatless movement of the price, we can expect a corrective retracement up with a view on the the four hours SuperTrend line and resumption of the downward movement.

Trade Solutions: No < / p>

Nikolay Krishtopov
FreshForex Analyst
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