Near a strong support area | 25 أغسطس 2016
25 أغسطس 2016, EUR/USD
Four-hours chart of EURUSD. After retest of the level (6/8), the pair turned to correction and by now has almost reached a rather strong support area formed by the main support / resistance level (4/8) and SuperTrend Daily line. This is quite a strong support area able to turn the price up again, the more so a local upward movement remains to be a prior option. The goal of growth remains to be the same - (6.8). This option would be canceled by breakdown and consolidation of the pair below (4/8). If this scenario comes true, continuation of the upward movement will be a big question.
Trading solutions: None
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.
