At (0/8) the price has reversed upwards | 21 Juli 2016
21 Juli 2016, EUR/USD
Four-hours chart of EURUSD. The price has not reached the main support level (0/8) yet. But results of test of this level is not in favor of sellers. The reversal pattern has been formed with the bounce off (0/8). It is too early to talk about the global reversal, as the top still has a lot of strong resistance levels. But at the moment we consider growth as the main plan with the nearest target represented by the intermediate level of resistance (2/8)
Trading solutions: Buy on nearing to 1.1007, put a Stop Loss at (0/8), take profit at 1.1108 (2/8)
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.
