We are expecting further decrease

29 February 2016, EUR/USD

We are expecting further decrease

The four-hours chart EURUSD. After long consolidation above (2/8) level pair has broken throw this level. From current position the local price back off to the four-hours Supertrend line is possible. After rising this level we can expecte new decreasing wave. Possibility of pair rising isn’t actual while price is under (2/8) level.

Trading decisions: sell from the four-hours Supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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