Expecting the price on the level (4/8) | 02 September 2016

02 September 2016, EUR/USD

Four-hours chart of EURUSD. The pair is going through correction and broke resistance area formed by the four-hours and weekly SuperTrend lines. Breakdown of resistance area indicates a continuation of the current upward movement. Next goal is the main support and resistance level (4/8). To continue the upward movement in the medium term bulls need to break through the level (4/8), and consolidate there. Otherwise, from the level of (4/8) we can see beginning of a new descending wave

Trading solutions: None


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Nikolay Krishtopov
FreshForex Analyst
Close
Login