Decline | 28 January 2016

28 January 2016, EUR/USD

Decline

The four-hour chart EUR USD. The pair is still in the resistance area formed by the SuperTrend lines. The pair has failed to gain foothold above this resistance area. After a slight upward pullback we expect resumption of the downward movement. This option will be canceled if the price consolidates above the Weekly Supertrend line.

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.
Nikolay Krishtopov
FreshForex Analyst
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