Log in

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
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.