Bulls are holding the price above (4/8)

08 September 2016, EUR/USD

EUR/USD: Bulls hold price above (4/8) level

The four-hours chart EURUSD. Bulls couldn’t rise during the last day but they haven’t lost their positions. Pair continues holding price above the main resistance/support level (4/8). Pair has potential for continue rising movement. We can observe possibility with pair degrease up to the next even level (6/8) as a main possibility. This possibility would be canceled if the pair breaks through level (4/8) and consolidate under it. In this case the main possibility would be price decrease to (2/8) level.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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