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An opportunity for correction

An opportunity for correction | 27 July 2016

27 July 2016, EUR/USD

Four-hours chart of EURUSD. The pair continues to consolidate around the main support level (0/8). But so far buyers manage to hold this level. Therefore, the main plan is still a corrective growth of the pair. The nearest goal for growth is the SuperTrend Daily line. It will be canceled by breakdown and consolidation of the price below (0/8). In this case we expect update of a local Low

Trading solutions: Keep yesterday's buy trades from 1.0986 ( 0/8). The goal is the SuperTrend Daily line 1.1062.

Nikolay Krishtopov
FreshForex Analyst
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