Expecting drop to (0/8) | 06 Juli 2016
06 Juli 2016, EUR/USD
Four-hours chart of EURUSD. In the previous review we pointed that the line of the Weekly SuperTrend is the key resistance level. As we can see, touch of this level has marked completion of corrective growth of the pair. Bears have quickly seized the initiative. To date, little support is rendered by the level (1/8), but it is unlikely we will see a reversal of the price at this level. It seems the most likely option is continuation of the downward movement targeting the level of support (0/8)
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.
