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Bulls are ready to attack

23 June 2016, EUR/USD

Four-hours chart of EURUSD. Bulls managed to hold the price above the main support and resistance level (4/8), and even to counterattack to win back positions lost the previous day. Currently the pair is proof-testing (6/8) again, and bulls have a very good chance to cross this level. If they cross this level, the way to a new target for growth (7/8) will be open. Actions on this level will decide everything. A downward bounce from it will send the price back to (4/8). Its breakthrough will pave the way to the main first resistance level (8/8), and later also to the upper border of the overboughtness area.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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