The pair has approached to the area of resistance | 22 July 2015

22 July 2015, EUR/USD

The pair has approached to the area of resistance

4 hours’ chart of  EURUSD. The pair is going through correction. Here we shall note that correction was started between the levels, so we don't see a great outlook here. Now the price has approached to the area of resistance formed by day Supertrend line and intermediate level of resistance (2/8), from where we expect renewal of an ascending movement with the target based on the level (0/8).


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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