02 June 2016, EUR/USD
Four-hours chart of EURUSD. The pair reached resistance area formed by SuperTrend lines plus a strong resistance level (4/8) is just above there. As long as the price does not consolidate above (4/8), talking about a strong corrective pullback and even more so - a reversal - is too early. Therefore, the medium-term drop to (2/8) remains to be priority.
Trading solutions: A corrective pullback took place, we have entered the market, waiting for the reaction of the price to resistance area, to which the price has neared. The nearest goal of drop is 1.0986 (2/8).
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