Bulls are holding the price above (4/8)
08 September 2016, EUR/USD
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 KrishtopovAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us