The pressure remains

26 September 2016, EUR/USD

EUR/USD: The pressure is remaining on the pair

The four-hours chart EURUSD. After little correction pair restarted upwards moving and locates near the support/resistance level 1.1230 (4/8). As we can see pair hasn’t gone through this level. The main possibility is pair decrease. The aim for decrease is 1.1169 (2/8) level, because it is nearest important level which could influence on the price. This possibility would be canceled if pair brakes through and consolidates above 1.1230 (4/8) level.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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