manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Trying to gain a foothold in the oversoldness area

25 July 2016, EUR/USD

Trying to gain a foothold in the oversoldness area

Four-hours chart of EURUSD. Buyers did not manage to not keep the price above the main support level (0/8). Due to a successful counterattack, bears managed to drag the price to the oversoldness area. Now the price is trying to gain a foothold below (0/8). If this attempt is successful, we can expect a downward movement to continue so that a local Low will be updated. The nearest goal is (-1/8), from it we can expect an upward correction and retest of (0/8). The medium-term target is (-2/8)

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .