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Expecting the price on the level (0/8)

Expecting the price on the level (0/8) | 11 July 2016

11 July 2016, EUR/USD

The four-hours chart of EURUSD. Once again, the pair has proof-tested the intermediate resistance level (2/8). A strong downward bounce confirmed strength of the level. Drop is the main plan with the local nearest goal reprsented by the main support level (0/8). In the medium run, we expect update of the the current local Low, which is just below (-1/8).

Trading solutions: sales from current levels. The nearest goal is at 1.0985 (0/8).

Nikolay Krishtopov
FreshForex Analyst
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