The pair is testing the bottom of the strongest system level | 10 August 2015
10 August 2015, EUR/USD
The pair is testing the bottom of the strongest system level.
The EURUSD four-hour chart. After two unsuccessful attempts to break 1.0864(2/8) level, the pair rebounded upwards. But at this moment, corrected rollback achieved the strongest level of the system (4/8), and it’s not easy to break it. So, the main scenario is that the pair will go downwards with target at the main 1.0742 (0/8) support level.
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.
