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Expecting the price on the level (0/8)

Expecting the price on the level (0/8) | 11 August 2016

11 August 2016, EUR/USD

Four-hours chart of EURUSD. The pair continued the upward movement. Now the price is in the area formed by the resistance level (6/8) and the SuperTrend weekly line. So far, this resistance area can not be crossed. Drop is still the main plan. Its target is the major support and resistance level (4/8). Continuation of the upward movement will be enabled by a breakthrough of High of the previous day

Trading solutions: Sell from current levels to the nearest goal at 1.1108 (4/8), put a stop Loss behind the yesterday's high.

Nikolay Krishtopov
FreshForex Analyst
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