Growth | 04 February 2016
04 February 2016, EUR/USD
Four-hours chart of EUR USD. Volatility grew and as a result Murrey levels expanded. To date, the price has rebounded from the level (6/8), but so far there are no prerequisites for a downward reversal of the price. This upward movement may continue both from current position and after a pullback to the four-hours SuperTrend line. The main resistance level (8/8) serves as the next target for growth. A possible alternative option is a reversal on the level of prices (7/8).
Trading solutions: No
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.
