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Price is above (1/8) level

02 March 2016, EUR/USD

Price is above (1/8) level

The four-hours chart of EURUSD. Pair continues to consolidate on the reversal level (1/8), but the price hasn’t broken through this level. So as a main possibility is a correctional growth of the pair. The first goal is based on the daily Supertrend line. This possibility could be canceled if price consolidates under (1/8) level.

Trading decisions: buy from current positions

Nikolay Krishtopov
FreshForex Analyst
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