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Expecting the price on the level (7/8)

Expecting the price on the level (7/8) | 21 June 2016

21 June 2016, EUR/USD

Four-hours chart of EURUSD. The pair got corrected after a strong growth. As you can see, bulls managed to hold the price above the four-hours SuperTrend line, thereby preserving the chances of further upward movement. Goal of the growth is still a reversal level 1.1414 (7/8), its breakdown can bring the price to (8/8). Decline is not considered and will be enabled only by a breakthrough and pushing the fourhours SuperTrend line.

Solutions: no

Nikolay Krishtopov
FreshForex Analyst
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