We are waiting for test of the (2/8) level | 04 مارس 2016
04 مارس 2016, EUR/USD
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The four-hours chart of EURUSD. After a protracted consolidation on (1/8) level, the pair has bounced off this level. The resistance area was broken through. This area was formed by the four-hours Supertrend line and the weekly Supertrend line. At the moment pair is testing the resistance on the daily Supertrend line. The small down pullback has happened from this line. But it is possible that this level would be broken through and the pair would rising to (2/8) level.
Trading decisions: no
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
