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Testing the resistance area

Testing the resistance area | 27 January 2016

27 January 2016, EUR/USD

Testing the resistance area

The four-hours chart of EUR USD. The pair continues to consolidate in the resistance area formed by the SuperTrend lines. From current position it still can grow to the Week line of Supertrend, whereupon we expect a downward rebound of the price. Consolidation below the four-hours Supertrend Line will cancel this option.

Trade Solutions: No

Nikolay Krishtopov
FreshForex Analyst
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