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Probable breakthrough of the level (8/8)

Probable breakthrough of the level (8/8) | 05 February 2016

05 February 2016, EUR/USD

Probable breakthrough of the level (8/8)

4-hourly chart EURUSD. The target on the level (8/8) is reached. This is a very strong level which is able to reverse a price trend movement but it is too early to say about it. At the current moment we can see a correctional price pullback from this level. The first target as well as support is the line of the 4-hourly supertrend. From this level we can wait for the new upward wave and probably with the second try the level (8/8) will be broken from bottom to top. Trading solutions: none

Nikolay Krishtopov
FreshForex Analyst
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