A chance of correction

21 September 2016, EUR/USD

EUR/USD: Pair has possibility for correction

The four-hours chart EURUSD. As we expect pair continues decrease moving. Now pair has renewed local minimum but hasn’t consolidated under it yet. So we can expect correction upwards pullback. There is a lot of news today so we are expecting strong volatility after the afternoon. Strong correction pullback is possible in the area of the daily Supertrend line. The new decrease wave appears after raising this level.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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