The level (4/8) is holding the price | 22 June 2016

22 June 2016, EUR/USD

The four-hours chart of EURUSD. At the second attempt, bears pushed through support - the four-hours line of SuperTrend. Now the pair is proof-testing the strongest level in the system. Crossing it with the first attempt is unlikely, so the priority is growth with the goal is 1.1353 (6/8). Continuation of the downward movement will be relevant on breakdown of the main support and resistance level (4/8) from top to bottom. In this case, we expect the price on the next level (2/8).

Trading solutions: no


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Nikolay Krishtopov
FreshForex Analyst
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