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Failing to take (2/8)

13 July 2016, EUR/USD

Four-hours chart Eof URUSD. Another attempt of buyers to push the intermediate level of resistance (2/8) has failed. Drop targeting the main support level (0/8) is still the main option. We may see more attempts of bulls to cross the level from bottom to the top, but as long as price remains below (2/8), a corrective growth is not considered. Only after bulls manage to consolidate above this level, we can consider a strong corrective growth.

Trading solutions: No

Анна Беляева
FreshForex Analyst
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