manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Correction is possible

30 August 2016, EUR/USD

Correction is possible

Four-hours chart of EURUSD. The pair continued its downward movement. At the moment the price is testing local support area formed by the Weekly SuperTrend line and the level (3/8). It is not the strongest area of ​​support, but we may expect an upward rollback from it. The target of corrective growth is still the main support and resistance level (4/8). Alternatively, the price may continue the downward movement from current levels. THe proof will be consolidation of the price below (3/8)

Trading solutions: Buy from current levels with a view to 1.1230 (4/8)

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .