Murrey levels analysis – Expecting the price at (6/8)

EURUSD – UpFour-hours chart of EURUSD. The pair broke the local resistance – the four-hours’ SuperTrend line. This is an indicator of buyers’ strength, so the main option is growth of the pair. Goal for growth is the nearest local High, after a false breakdown of this level a downward reversal is expected. Continuation of the upward movement is the alternative one. It will be relevant in the case of consolidation above (6/8). Trading solutions: sell on breakthrough of 1.1365 and return to this level.
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