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The price will enter the overboughtness zone

The price will enter the overboughtness zone | 09 February 2016

09 February 2016, EUR/USD

The price will enter the overboughtness zone

Four-hours chart of EUR USD. The pair bounced upwards off the intermediate support level (6/8). The first target at the level of (8/8) has been reached, but there is no strong downward rebound. The priority is a pullback the price down to the area of the four-hours line of SuperTrend and resumed upward movement targeting the level of (+1/8).

Trading solutions: purchase from the four-hours line of SuperTrend

Nikolay Krishtopov
FreshForex Analyst
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