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Nearing the main level of support

20 July 2016, EUR/USD

 Four-hours chart of EURUSD. The pair resumed the downward movement. The goal at the top level of support has not been reached yet, but today it cannot be reached. Today we may see a pullback to the four-hours SuperTrend line and already from this line the new local descending wave wil begin. This option is main for today. Alternatively, the price may continue the downward movement

Trading solutions: The goal at (0/8) has not been reached, but it is better to take profit at current levels, as there is a good chance that the goal will be reached today.

Nikolay Krishtopov
FreshForex Analyst
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