Log in

Correction is over, we expect decline

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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.