Expecting the price on the level (4/8)

24 August 2016, EUR/USD

Four-hours chart of EURUSD. As we expected, retest of the level 1.1353 (6/8) took place. The pair has failed to refresh local High. The second downward bounce from 1.1353 (6/8) confirms its strength and now the main plan is drop. The main goal is support and resistance level 1.1230 (4/8), which, along with daily SuperTrend line is forming a strong support area. Continuation of the upward movement in the medium term will be relevant only by consolidation above (6/8).

Solutions: none

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call