The pair is going through correction | 19 Agosto 2015
19 Agosto 2015, EUR/USD
< span> four-hours' chart of EURUSD. The pair continued to decline, but before reaching the target at the top level of support and resistance (4/8), it went into a correction. It is worth noting that the local corrective pullback has already reached the first line of resistance which acts as a four SuperTrend line. From this line we can expect resumption of the downward movement. The alternative would be a deeper pullback to around (6/8) and then resumption of the downward movement.
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.
