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So far, the price is failing to cross (2/8)

So far, the price is failing to cross (2/8) | 30 June 2016

30 June 2016, EUR/USD

So far, the price is failing to cross (2/8)

Four-hours chart of EURUSD. Bulls continue their attempts to push the price to the local level of resistance (2/8). So far, they fail. Thus, drop targeting (0/8) is the main plan. A corrective upward movement will be considered only after consolidation of the price above (2/8).

Trading solutions: try to sell from 1.1108 (2/8) with a very short stop set for the yesterday's High. The goal is 1.0986 (0/8)

Nikolay Krishtopov
FreshForex Analyst
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