Expecting the price on the level (2/8)

28 July 2016, EUR/USD

Four-hours chart of EURUSD. Bears have made another attempt to break through the main support level (0/8). The attempt has failed. Bulls have run a successful counter attack. Currently the pair is at the local level of resistance represented by Supertrend Daily line. This level can not be crossed on the fly, but an overall potential for a further corrective growth is pretty good. Therefore, the main plan is growth of the pair.

Trading solutions: keep on buying, the next goal is 1.1108 (2/8)

Nikolay Krishtopov
FreshForex Analyst
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