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Bulls are resisting

07 July 2016, EUR/USD

Four-hours chart of EURUSD. Bulls did not let the price go below (1/8). It is too early to talk about the reversal. As we noted noted in previous reviews, the key resistance level is now around (3/8). As long as the price is below this mark, the medium-term plan is decline. On the local level, we may see another upward pullback making the price retest the mark (3/8).

Trading solutions: Sales at 1.1189 (3/8) with the goal 1.0986 (0/8)

Nikolay Krishtopov
FreshForex Analyst
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