The pair is overbought | 18 أغسطس 2016
18 أغسطس 2016, EUR/USD
Four-hours chart of EURUSD. On a corrective pullback the pair has failed to hold (8/8) and was supported by the four-hours SuperTrend line. The pair has continued its upward movement. But do not forget that the price is overbought and thus further upward movement may be accompanied by multiple setbacks. The basic plan is a downward pullback and an attempt to retest level (8/8).
Solutions: sales from current levels with a stop set at the current local High. The nearest goal is 1.1230 (8/8)
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.
