No signs of growth

23 September 2015, EUR/USD

no prerequisites for growth

The four-hours chart of EURUSD. The pair continues to decline without any pullbacks. At the moment, the price has reached the level (3/8), which has an impact on the price only when it moves in a horizontal channel, but there is no such channel there. Downward movement is still the main expectation, but considering the fact of a long decline without any pullbacks, correction is possible. In the last case we expect resumption of the downward movement from the area of cluster os SuperTrend lines.

Trade Solutions: No

Nikolay Krishtopov
FreshForex Analyst
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