manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

The pair shot from the oversoldness area

04 December 2015, EUR/USD

The pair shot from the oversoldness area

The four-hour chart of EUR USD. Just before reaching the level (-2/8), the pair shot up. Currently the pair stopped at the level of (2/8), which will not be able to restrain the strong trend movement for a long time. Therefore, we regard correction to the four-hours SuperTrend line as the main option. it also implies resumption of growth with the first target based at the level of (2/8).

Trading solution: None

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .