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Growth | 04 February 2016

04 February 2016, EUR/USD

Growth

Four-hours chart of EUR USD. Volatility grew and as a result Murrey levels expanded. To date, the price has rebounded from the level (6/8), but so far there are no prerequisites for a downward reversal of the price. This upward movement may continue both from current position and after a pullback to the four-hours SuperTrend line. The main resistance level (8/8) serves as the next target for growth. A possible alternative option is a reversal on the level of prices (7/8).

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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