EURUSD – Up
Four-hours chart of EURUSD. For a couple of days, the pair has reached the key resistance level – the weekly SuperTrend line. If bulls manage to break through and consolidate above this level, they will open a way to further growth in the medium run to (1/8), i.e., to the levels where the pair was before Brexit. But it’s the mid-term outlook. Today we’re waiting for a false break of Friday’s High and correction.
Trading solutions: Sales from 1.1200, we close a position at the price of the end of the trading day.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
The post Murrey levels analysis – Neared a key resistance level appeared first on forex-analytics.press.