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Levels have been redrafted again

Levels have been redrafted again | 26 August 2015

26 August 2015, EUR/USD

There was another redrawing of levels

The four-hours' chart of EURUSD. Levels have been redrafted again and that was caused by change in volatility of the instrument. The pair is currently testing the intermediate support level (6/8). Because a little earlier the level was broken badly enough, probability that the price will pass this point and thus continues the downward movement is very high. Selling can be done if the price is below 1.1475 (6/8) to the main support level (4/8).

Nikolay Krishtopov
FreshForex Analyst
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