The level level (4/8) was not crossed

05 September 2016, EUR/USD

 EUR/USD: level(4/8)hasn’t been gone through The four-hours chart of EURUSD. Pair tried to go through the main support/resistance level (4/8) using news but it wasn’t succeed. Price had strong down pull back and proved the strongest of the level. As soon as the price located under (4/8) level of medium-term period the main possibility is pair decrease. Locally we can see correction up to decrease moving which was at Friday. The possibility of pair growth in medium-term period as a main possibility we can observe after pair consolidation above (4/8) level.

trading decisions: no

Aleksey Panasenko
FreshForex Analyst
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