Log in

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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.