Murrey levels analysis – Near a strong support area

EURUSD – Up Four-hours chart of EURUSD. After retest of the level (6/8), the pair turned to correction and by now has almost reached a rather strong support area formed by the main support / resistance level (4/8) and SuperTrend Daily line. This is quite a strong support area able to turn the price up again, the more so a local upward movement remains to be a prior option. The goal of growth remains to be the same – (6.8). This option would be canceled by breakdown and consolidation of the pair below (4/8). If this scenario comes true, continuation of the upward movement will be a big question. Trading solutions: None
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

Murrey levels analysis – Near a strong support area

EURUSD – Up Four-hours chart of EURUSD. After retest of the level (6/8), the pair turned to correction and by now has almost reached a rather strong support area formed by the main support / resistance level (4/8) and SuperTrend Daily line. This is quite a strong support area able to turn the price up again, the more so a local upward movement remains to be a prior option. The goal of growth remains to be the same – (6.8). This option would be canceled by breakdown and consolidation of the pair below (4/8). If this scenario comes true, continuation of the upward movement will be a big question. Trading solutions: None
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.