Near the strong resistance area | 05 Juli 2016
05 Juli 2016, EUR/USD
Four-hours chart of EURUSD. The pair has consolidated above the intermediate resistance level (2/8), but bulls have not enjoyed dividends from that. They cannot make a breakthrough above the level of (5/8). The main plan is drop with the medium-term goal at the the main level of support (0/8). A good confirmation of this scenario would consolidation below the level (2/8). A corrective growth has the right to life, too, but it is unlikely bulls will be able to get above the weekly Supertrend Line, which is very close to the price.
Trading solutions: no
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.
