Bears have successfully counterattacked | 29 أغسطس 2016
29 أغسطس 2016, EUR/USD
4hours' chart of EURUSD. Another attempt of bulls to break through (6/8) has failed. As a result of a successful counter-attack, bears managed to carry off the price to the major support and resistance level (4/8). This is a serious failure of buyers calling into question the possibility of continuation of the upward movement. Currently the pair is on the weekly SuperTrend line, which supports the pair from the current position, and we can expect a corrective upward pullback of the price. But on reach of (4/8) we expect a new descending wave to start.
Trading solutions: Sell from 1.1230 (4/8) to 1.1108 (2/8)
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.
