Sellers have seized the initiative | 23 September 2016
23 September 2016, EUR/USD
The four-hours chart EURUSD. Pair has reached the main support/resistance level (4/8), but it couldn’t consolidate above the level. Sellers have taken initiative and pull price down. There is no precondition for price upwards pullback from the current levels so as a priority we consider possibility with pair decrease. The aim for decreasing is the main support level (0/8), in this situation level (2/8) couldn’t get important support to the price. This possibility would be canceled if pair breaks through and consolidate price above (4/8) level.
Trading decisions: 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.
