Log in

Trying to gain a foothold in the oversoldness area

23 May 2016, EUR/USD

Four-hours chart of EURUSD. The pair is in oversoldness zone. Now the price is testing the resistance at (0/8), which borders the price in the oversoldness zone. To save current dynamics, bears need to take the initiative at current levels and not let bulls to gain a foothold above the mark (0/8). As long as price is below the level of (0/8), drop is the primary option. The nearest goal lies at the Weekly Supertrend line.

Trading solutions: Sales from the current levels with a short Stop for the today's High

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.