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We expect the price at (8/8)

We expect the price at (8/8) | 16 August 2016

16 August 2016, EUR/USD

Four-hours chart of EURUSD. Bears continue to hold the line just below (1/8), but bulls are persistent and continue pushing the price up. Now, the tactical advantage belongs to buyers, so the main option is growth of the pair. The goal lies on the main level of resistance (8/8). The alternative option - resumption of the downward movement targeting the main level of support and resistance (4/8), but it will be relevant on breakdown and consolidation of the price below the four-hours SuperTrend Line.

Trading solutions: close yesterday's sales at current levels. There are no new signals

Nikolay Krishtopov
FreshForex Analyst
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