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Expecting the price on the level (0/8)

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)

Nikolay Krishtopov
FreshForex Analyst
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