The price has stopped at (4/8) | 03 August 2016
03 August 2016, EUR/USD
Four-hours chart of EURUSD. Bulls have successfully stormed the local key resistance level. The level has been broken, the pair is trying to gain foothold above it. But, given the fact that the price is now at the top level of support and resistance (4/8), we can expect a corrective pullback down to (5/8) from current positions. This level will determine the outlook of the upward movement
Trading solutions: Goal on the main support and resistance level 1.1230 (4/8) has been reached; profit should be settled.
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.
