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Expecting the price on the level (2/8)

20 September 2016, EUR/USD

EUR/USD: we are expecting price on level (2/8)

The four-hours chart EURUSD. Price has reached the nearest resistance area which was the weekly and four-hours Supertrend line. Pair has strong down bounce from this level so the strength of the level was confirmed. As a main possibility would possibility with decrease moving with the next aim on 1.1168 (2/8) level. This possibility would be canceled if pair consolidates upper the four-hours Supertrend line. In this case we would see pullback to the main support/resistance level 1.1230 (4/8).

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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