We are waiting for the price on the level (0/8)

25 January 2016, EUR/USD

We are waiting for the price on the level (0/8)

The four-hours chart of EUR USD. After re-test of the reversal level (1/8), we saw a strong rebound of the price upwards. Most likely, this level will be broken and the pair will get even lower. The next significant support and, accordingly, goal of drop is the level (0/8). Consolidation of the pair above the four-hours SuperTrend line will cancel this option.

Trade Solutions: close the purchase of the level (1/8) at current levels

Nikolay Krishtopov
FreshForex Analyst
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