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The possibility of correction

The possibility of correction | 26 July 2016

26 July 2016, EUR/USD

Four-hours chart of EURUSD. The pair did not manage to gain a foothold in the oversoldness zone, so the downward movement is delayed for an indefinite period. To date, most likely, we will have a corrective upward pullback. The nearest goal is the SuperTrend Daily line. Continuation of the downward movement will be enabled by return of the pair to the main support level (0/8)

Trading solutions: Buy on a rollback to the main support level 1.0986 (0/8 ). The goal is Daily SuperTrend line 1.1062.

Nikolay Krishtopov
FreshForex Analyst
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