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Above (4/8)

09 September 2016, EUR/USD

EUR/USD: Pair is holding above(4/8)level

The four-hours chart EURUSD. Pair had prompt upwards growth from the main support/resistance level but pair hasn’t arrived aim on(6/8)level and pulled back to the (4/8)level. Nevertheless buyers could hold price above the strongest level in the system as a main possibility we observe the possibility of pair growth. The previous aim is (6/8) level. Further way of the main resistance level (8/8) would be opened after breakthrough level(6/8). This possibility would be canceled if pair breaks through and consolidates under level (4/8).

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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