manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Trying to gain a foothold in the overboughtness area

19 May 2016, EUR/USD

Four-hours chart of EURUSD. The pair has broken a very strong area of ​​support (0/8), and now is trying to gain a foothold in the oversoldness area. This attempt has good chances. Consolidation below (0/8) in the long term opens the way to a deeper drop to (-2/8). The plan with the medium-term growth became no longer relevant yesterday. The most what can expect from bulls is the local upward corrective pullback.

Trading solutions: Those who entered yesterday, can settle their sales and wait for a new strong upward rollback: buy from 109.54 to 110.50 and 112.21 (extraday).

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .