Expecting the price on the level (0/8) | 12 Juli 2016
12 Juli 2016, EUR/USD
The 4-hours' chart of EURUSD. A second attempt to reach the main support level (0/8) has failed. However, bulls made the price move up. This is an important moment for them. But it is too early to talk about the outlooks of a corrective growth. As we see, the pair is still below the four-hours' SuperTrend Line - just above the intermediate level of resistance (2/8). So, drop targeting the main support level (0/8) remains to be the main plan. Alternatively, we consider a surge to (2/8) and from it a start of a new descending wave.
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.
