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Murrey levels were redrafted

09 August 2016, EUR/USD

The four-hour chart of EURUSD. Murrey levels were redrafted on the chart because of reduced volatility of the instrument. Currently the pair is consolidated around (5/8), which usually has no effect on the price. Since the pair is below the main support and resistance level (4/8), the main option is decline of the pair. The next target is (2/8)

Trading solutions: Looking for sales at 1.1108 (4/8) with the immediate goal at 1.1047 (2/8)

Nikolay Krishtopov
FreshForex Analyst
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