The pair is testing area of resistance | 23 July 2015

23 July 2015, EUR/USD

The pair is testing area of resistance

The pair is testing area of resistance

4 hours’ chart of EURUSD. The pair is still proof-testing the area of resistance formed by day Supertrend line and intermediate resistance level (2/8). As long as the price is under this point, the main scenario considered by us is decline of the price. Target is represented by the main level of support (0/8).

The pair is testing area of resistance

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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