Expecting the price on the level 1.11 | 25 May 2016
25 May 2016, EUR/USD
Four-hour chart of EURUSD. Consolidation in a narrow range between the levels (-1/8) and (0/8) is over. Once again, bears did not allow the price to break the level (0/8). Here we should not forget that the price is in the oversoldness zone. Therefore, the final goal for drop is the level of (-2/8), but the downward movement may be accompanied by many upward corrective pullbacks, cause oversoldness zone supports the pair by its entire area.
Trading Solutions: Those who hold sales on the level of 1.1230 (0/8), can hold on, those, who is not in the market, may seek for entry points from the SuperTrend week line (1.1180)
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.
