manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

The price is approaching the main support level (0/8)

26 October 2015, EUR/USD

The price is approaching the main support level (0/8)

The four-hours chart of EUR USD. The pair continued its downward movement and now has almost reached the main support level (0/8). But as we see, a corrective pullback had started before the price reached this mark. Therefore, the main option we consider is the corrective back to the four-hours SuperTrend line, whereupon we wait for touch of the level (0/8) and a deeper pullback towards the level (2/8).

Trade solutions: purchase from the level (0/8)

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .