Forexpamm

EUR/USD: Currency couple stuck in the sidewall (3/8 – 5/8)

Four -hour EUR/USD schedule. Yesterday, the currency pair tried to continue the growth in the direction of the daytime super -trend line, but could not even overcome the mark (5/8). This is a negative signal, because in the near future the price can resume downward movement. In this case, the medium -term currency pair can continue movement in the horizontal channel (3/8 – 5/8), since recently the price has stopped responding to the main level of support/resistance (4/8) and reacts well to levels (3/8) and (5/8). Trading solution: Sell ​​1.0050 Take Profit 0.9950