Expecting the price on the level (2/8) | 20 September 2016
20 September 2016, EUR/USD
The four-hours chart EURUSD. Price has reached the nearest resistance area which was the weekly and four-hours Supertrend line. Pair has strong down bounce from this level so the strength of the level was confirmed. As a main possibility would possibility with decrease moving with the next aim on 1.1168 (2/8) level. This possibility would be canceled if pair consolidates upper the four-hours Supertrend line. In this case we would see pullback to the main support/resistance level 1.1230 (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.
