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Retest of the level (2/8)

20 January 2016, EUR/USD

Retest of the level (2/8)

The four-hours chart of EUR USD. The pair could not force the area of Supertrend line down and has bounced up. Currently, the price is about to make the next retest of the intermediate level of resistance (0/8), from which it is expected rebound down. Continuation of growth in the medium term can be enabled only by consolidation of the pair above the level (2/8).

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
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