The pair has forced area of ​​support | 31 July 2015

31 July 2015, EUR/USD

forcing area of ​​support

four-hours' chart of EURUSD. The field support, formed by the Day Supertrend line and the level 1.0986 (2/8) was not able to hold the price. The pair has consolidated under these levels. Therefore, now we can expect a corrective pullback to the area around 1.0986 price (2/8) and resumption of a downward movement with the target based on the main support level 1.0742 (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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