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The pair is trying to gain a foothold above the level of (2/8)

10 December 2015, EUR/USD

The pair is trying to gain a foothold above the level of (2/8)

The four-hour chart of EUR USD. The pair broke the level (2/8) upwards. Currently the pair is going through correction. The four-hours Supertrend line performs as support, from which we expect resumption of growth of the pair. Decline would be relevant only if the pair consolidates below the level (2/8).

Trading solutions: purchase from the four-hours Supertrend line with the target at the yesterday's peak.

Nikolay Krishtopov
FreshForex Analyst
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