Expecting the price on the level (0/8) | 19 July 2016

19 July 2016, EUR/USD

Expecting the price on the level (0/8)

Four-hours chart of EURUSD. After a strong drop, bulls could win back the lost earlier position. We have not seen a good upward rollback. At the same time, previously, the pair failed to consolidate above the intermediate resistance level (2/8). Decline of the pair targeting the main support level (0/8) is the main option. This option would be canceled by consolidation of the price above (2/8).

Trading solutions: sell from current levels. Stop Loss should be put behind the four-hours SuperTrend line, the nearest goal is 1.0986 (0/8)


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Nikolay Krishtopov
FreshForex Analyst
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