The second attempt to pull through (4/8) | 06 May 2015

06 May 2015, EUR/USD

The second attempt to pull through (4/8) 4 hours’ chart of EURUSD. The pair continues its correctional downward movement but it has not reached (2/8) and returned to move upwards. Currently, it is doing a strength test of (4/8). It is the strongest level in the system but as a rule there are more chances to pull through this level for the second time. If the price manages to consolidate above this level, ascending movement will go on to (6/8).


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.
Nikolay Krishtopov
FreshForex Analyst
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