Waiting the price on the level (4/8) | 17 August 2015

17 August 2015, EUR/USD

We are waiting for the price level (4/8)

four-hour chart EURUSD. The pair broke the support level (6/8), thereby confirming our expectations of resumption of the downward movement with the targets based on the main level of support and resistance (4/8). From current position the price can perform a corrective upward pullback to retest the level (6/8) from the reverse side and resumption of the downward movement.


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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