The pair shot from the oversoldness area | 04 December 2015
04 December 2015, EUR/USD
The four-hour chart of EUR USD. Just before reaching the level (-2/8), the pair shot up. Currently the pair stopped at the level of (2/8), which will not be able to restrain the strong trend movement for a long time. Therefore, we regard correction to the four-hours SuperTrend line as the main option. it also implies resumption of growth with the first target based at the level of (2/8).
Trading solution: None
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.
