Descending movement is expected to renew from (4/8) | 03 Juni 2015
03 Juni 2015, EUR/USD
.png "Descending movement is expected to renew from (4/8)")
4 hours’ chart of EURUSD. Having broken the intermediate level of resistance from bottom to top (2/8), the pair has grown. The next moment, the price is approaching the strongest level in the system (4/8). We expect that descending movement will be renewed from this level. Only when price gets consolidated above (4/8), we can consider possibilities of a further growth.
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.
