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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
Analyst of «FreshForex» company
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