Anticipating correction and a new descending wave | 23 October 2015

23 October 2015, EUR/USD

Anticipating correction and a new descending wave

The four-hours chart of EUR USD. The pair fell rather heavily. Currently the pair is trying to gain a foothold below the level of (2/8). But most likely, it will roll back from current position to the four-hours SuperTrend line and only then it will continue downward movement targeting the level (0/8) which is getting bolder.

Trade Solutions: sales from the four-hours SuperTrend line


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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