Log in

At (0/8) the price has reversed upwards

21 July 2016, EUR/USD

Four-hours chart of EURUSD. The price has not reached the main support level (0/8) yet. But results of test of this level is not in favor of sellers. The reversal pattern has been formed with the bounce off (0/8). It is too early to talk about the global reversal, as the top still has a lot of strong resistance levels. But at the moment we consider growth as the main plan with the nearest target represented by the intermediate level of resistance (2/8)

Trading solutions: Buy on nearing to 1.1007, put a Stop Loss at (0/8), take profit at 1.1108 (2/8)

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.