Trying to gain a foothold in the oversoldness area | 23 May 2016
23 May 2016, EUR/USD
Four-hours chart of EURUSD. The pair is in oversoldness zone. Now the price is testing the resistance at (0/8), which borders the price in the oversoldness zone. To save current dynamics, bears need to take the initiative at current levels and not let bulls to gain a foothold above the mark (0/8). As long as price is below the level of (0/8), drop is the primary option. The nearest goal lies at the Weekly Supertrend line.
Trading solutions: Sales from the current levels with a short Stop for the today's High
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.
