Pressure remains | 12 اكتوبر 2016
12 اكتوبر 2016, EUR/USD
Four-hours chart of EURUSD. Bears could easily push the level (0/8) and continued the downward movement. The result was a breakdown of the level (-2/8) and Murrey levels got redrafted. The pair has currently stopped at (5/8), which should have no effect on the price. Therefore, the main option is continuation of the downward movement to the next target on the main level of support and resistance (4/8). This option would be canceled by breakthrough and consolidation of the pair above the four-hours SuperTrend line. In this case, we can count on a corrective pullback to (6/8)
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.
