manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.