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Anticipating correction and a new descending wave

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

Nikolay Krishtopov
FreshForex Analyst
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