Near the strongest level in the system

13 June 2016, EUR/USD

Four-hours chart of EURUSD. A downward rollback continued, thus bears prevail. Now the pair is proof-testing the strongest level of support in the system, so most likely, from this level buyers will try to rehabilitate and regain some of the earlier lost position. But in the medium run, the priority belongs to sellers and it is quite possible that soon we'll see the price at (3/8) again. Meanwhile, we wait for correction to the two-day drop

Trading solutions: You can try to buy from current levels with the target 1.1320. Transaction shall be intraday.

Nikolay Krishtopov
FreshForex Analyst
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