Reversal at the level (1/8) is expected | 22 January 2016
22 January 2016, EUR/USD
The four-hours chart of EUR USD. The pair has bounced down from the level (3/8), having broken the support area formed by Supertrend lines. As you can see, the goal on the level of (0/8) has not been reached. The price stopped at the reversal level (1/8). Therefore, at the moment we waiting for retest of the level (1/8) and resumption of growth of the pair with a view on the main level of support/resistance (4/8).
Trading solutions: we should close sales at current levels and buy from the level (1/8) in the case of retest
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.
