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Level (2/8) is holding price

24 February 2016, EUR/USD

Level (2/8) is holding price

The four-hours chart EURUSD. Price remains on level (2/8) and now it is consolidate upper this level. We can expect continuation of decrease movement after price consolidation under (2/8) level. Now main possibility is retesting four-hours Supertrend line from which we are waiting down bounce. We can speak about more strong correction pullback after pair will have consolidated above four-hours Supertrend line.

Trading decisions: sell from four-hours Supertrend line

Nikolay Krishtopov
FreshForex Analyst
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