Storming the key level of resistance

02 August 2016, EUR/USD

Four-hours chart of EURUSD. The pair continues to consolidate and come close to the resistance level, which now is represented by the SuperTrend weekly line. Bulls are preparing to storm this level. At the moment this is the key resistance level, breakdown of which opens the way to bulls to a further medium-term growth. As you can see, the price has additional support represented by the SuperTrend four hours' line

Trading solutions: Yesterday's trade was not activated. At the moment, we consider buying from current levels. The nearest goal is 1.1230 (4/8).

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
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 .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call