Above (4/8) | 09 September 2016

09 September 2016, EUR/USD

EUR/USD: Pair is holding above(4/8)level

The four-hours chart EURUSD. Pair had prompt upwards growth from the main support/resistance level but pair hasn’t arrived aim on(6/8)level and pulled back to the (4/8)level. Nevertheless buyers could hold price above the strongest level in the system as a main possibility we observe the possibility of pair growth. The previous aim is (6/8) level. Further way of the main resistance level (8/8) would be opened after breakthrough level(6/8). This possibility would be canceled if pair breaks through and consolidates under level (4/8).

Trading decisions: 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.
Nikolay Krishtopov
FreshForex Analyst
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