Wait for the exceeded movement down | 14 August 2015
14 August 2015, EUR/USD
4 hours’ chart of EURUSD. The pair bounced up from the support area formed by level (6/8), and the line of 4-hours Supertrend. At the moment, we can expect even a small growth to the week Supertrend line and the continuation of the descending movement with the target at the main support/resistance level (4/8). This scenario will be cancelled by consolidation of the price above the daily SuperTrend.
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.
