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Correction is over, we expect decline

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

Nikolay Krishtopov
FreshForex Analyst
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