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The pair is testing the support area

The pair is testing the support area | 31 August 2015

31 August 2015, EUR/USD

The pair is testing the support area

The four-hours' chart of EURUSD. The pair bounced up from the support area formed the main support / resistance level 1.1230 (4.8) and daily and weekly SuperTrend lines. Therefore, given the current position, we are to expect a corrective retracement of the price up targeting 1.1353 (5/8).

solutions: buy from the 1.1230 level (4/8).

Nikolay Krishtopov
FreshForex Analyst
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