manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

A continued correction

04 July 2016, EUR/USD

Four-hours chart of EURUSD. Bulls managed to gain a foothold above the intermediate level of resistance (2/8). However, it it too early to talk about a notable growth. At the top there is a lot of local areas of strong resistance, and they of them are fairly close to the current price. So after a little growth we expect a new descending wave. The reversal point is the SuperTrend weekly line. In case of breaking this mark, the next resistance area will be the main level of support / resistance (4/8).

Solutions: None

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.