27 June 2016, USD/JPY
The four-hours chart of EURUSD. After a strong drop, the pair got corrected pretty well. But, as we see, bears seized the initiative again and dragged the price down. The pair is currently proof-testing the major support level. If bears manage to push it for the second time, in the near future a deeper drop will happen. The goal remains to be the same - (-2/8). As soon as the price reaches it, Murrey levels will be redrafted. Growth will be considered only if the price can gain a foothold above the four-hours SuperTrend line.
Trading solutions: No