24, August 2016

EUR/USD (a 4-hour chart)

General review

EURUSD, slightly weakened, after a positive start of today trading, amid a mixed statistics for the euro area.

Current situation

On H4 chart, there is reversal candle pattern, appeared after pair pulled back to the key level 1.1320 area.

Trading recommendations

Middle term upward trend is still in the game. As the closest resistance level is the area of 1.1461. However, in the current situation of uncertainty we remain out of the market.