22, August 2016

EUR/USD (a 4-hour chart)

General review

Today the pair EURUSD, resumed its decline, after new Dudley and Williams comments has confirmed its position on rate hike in the near future.

Current situation

Technically, there are no reversal signals and the pullback seems to be correction however pair EURUSD may fall to the key support level of 1.1113.

Trading recommendations

At the same time, the medium-term upward trend still persist- in which the immediate goal of the bulls is a key resistance level of 1.1461.