Correction is over, we expect decline | 29 June 2016
29 June 2016, EUR/USD
Four-hour chart of EURUSD. Bulls managed to lift the price to the intermediate level of resistance (2/8), but it bounced off it. The trend is still falling, the price is held below the four-hours SuperTrend Line, so the medium-term and short-term plan is the downward movement. Growth of the pair will be relevant only after consolidation above the four-hours SuperTrend Line.
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.
