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A new descending wave

A new descending wave | 08 December 2015

08 December 2015, EUR/USD

A new descending wave

The four-hours chart of EUR USD. The target on the four-hours SuperTrend line was reached, and the pair resumed its upward movement. However, at this point, the upward movement does not have a great potential for development. From resistance to the line Day SuperTrend line we can expect a new descending wave with the first target located at the level of (0/8).

Solutions for trading: sale from the Day SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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