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Pair has broken through (2/8) level

07 March 2016, EUR/USD

Pair has broken through (2/8) level

The four-hours chart EURUSD. Pair has bounced from the four-hours Supertrend line and gone to intermediate resistance level (2/8). As a result, level has been broken through but it is early to speak about price consolidation above this level it could be pseudo breakthrough. But price is stay above the daily Supertrend line and the four-hours Supertrend line so rising movement is more priority.

Trading decision: no

Nikolay Krishtopov
FreshForex Analyst
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