The pair is above (3/8) level

17 February 2016, EUR/USD

The pair is above (3/8) level

The four-hours chart EURUSD. The pair has bounced down off the four-hours Supertrend line and couldn’t go through the support line off daily Supertrend at the second time. That is why the main possibility remains the local growth of the pair. This possibility will be changed if the price goes through the support line and consolidates under (3/8) level.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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