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The pair has stopped on the reversal level (1/8)

The pair has stopped on the reversal level (1/8) | 01 March 2016

01 March 2016, EUR/USD

The pair has stopped on the reversal level (1/8)

Four-hours chart of EUR USD. The pair continued its downward movement. Now we pay attention to the fact that the price stopped at the reversal level (1/8). Let me remind you that if reversal takes place at this level, the next target for growth will be the major support and resistance level (4/8). But now it is too early to talk about this option, since the price is still below the four-hours Supertrend line. Corrective growth the pair is the main option

Trading solutions: buy from the current position

Nikolay Krishtopov
FreshForex Analyst
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