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Retest of (0/8)

27 May 2016, EUR/USD

Four-hour chart EURUSD. The nearest resistance level which - the Weekly SuperTrend line - was broken upwards. So, we expect growth of the price to the level 1.1230 (0/8). This is a rather important level. Now it serves as resistance level and borders the price inside the oversoldness zone. We expect that local initiatives wil come from buyers to sellers on this level.

Trading solutions: Sell from the level 1.1230 (0/8)

Nikolay Krishtopov
FreshForex Analyst
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