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We expect the price at (0/8)

18 May 2016, EUR/USD

We expect the price at (0/8)

Four-hour chart of EURUSD. Growth has exhausted. The pair faced a strong resistance (2/8) and bounced off it. Thus we can say that the local upward corrective pullback has been completed. Continuation of the downward movement is the main plan. Goal is the main support level 1.1230 (0/8).

Trading solutions: look for sales from the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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