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Expecting the price on the level (2/8)

Expecting the price on the level (2/8) | 01 September 2016

01 September 2016, EUR/USD

Four-hours chart of EURUSD. The pair corrected, but, since the reversal took place between the levels, this correctional growth is unlikely to have great outlook. Most likely, it will be over at the first significant resistance area, which is now represented by the area formed by the four-hours and weekly SuperTrend lines. The main option for today is drop of the pair with the nearest goal at (2/8).

Trading solutions: sell from the fourhours Supertrend line 1.1169 with target at 1.1108 (2/8)

Nikolay Krishtopov
FreshForex Analyst
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