Testing the strongest area of support | 14 Juli 2015
14 Juli 2015, EUR/USD
4 hours’ chart of EURUSD. The level (2/8) was not able to hold the pair from falling. Following to breakthrough of this level, a way was opened to the point (0/8). Here we shall note that it is the strongest level of support which will be hard to force. Additional support is given to price by the oversoldness area located under this level. So, only after breakthrough and consolidation of the price below (0/8) we can expect continuation of a descending 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.
