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

The price has stopped at (2/8)

05 August 2016, EUR/USD

 Four-hours chart of EURUSD. The pair continued to decline. It has stopped only at (2/8). The price rebounded off this level, so from it we can expect an upward rollback to the nearest resistance level. Today's resistance is the area formed by the of daily and weekly SuperTrend lines. Upon reaching this area by the price, start of a new descending wave is expected. Alternatively, we consider the option with continuation of the downward movement from current positions. On breakdown of the level (2/8), the next target will be the main support level (0/8)

Trading solutions: No

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.