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The level (4/8) is holding the price

The level (4/8) is holding the price | 22 June 2016

22 June 2016, EUR/USD

The four-hours chart of EURUSD. At the second attempt, bears pushed through support - the four-hours line of SuperTrend. Now the pair is proof-testing the strongest level in the system. Crossing it with the first attempt is unlikely, so the priority is growth with the goal is 1.1353 (6/8). Continuation of the downward movement will be relevant on breakdown of the main support and resistance level (4/8) from top to bottom. In this case, we expect the price on the next level (2/8).

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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