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The pair has approached to the area of resistance

The pair has approached to the area of resistance | 22 July 2015

22 July 2015, EUR/USD

The pair has approached to the area of resistance

4 hours’ chart of  EURUSD. The pair is going through correction. Here we shall note that correction was started between the levels, so we don't see a great outlook here. Now the price has approached to the area of resistance formed by day Supertrend line and intermediate level of resistance (2/8), from where we expect renewal of an ascending movement with the target based on the level (0/8).

Nikolay Krishtopov
FreshForex Analyst
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