23 August 2016, EUR/USD
Four-hours chart of EURUSD. The pair broke the local resistance - the four-hours' SuperTrend line. This is an indicator of buyers' strength, so the main option is growth of the pair. Goal for growth is the nearest local High, after a false breakdown of this level a downward reversal is expected. Continuation of the upward movement is the alternative one. It will be relevant in the case of consolidation above (6/8).
Trading solutions: sell on breakthrough of 1.1365 and return to this level.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us