Leonid graduated from Donetsk National Technical University, specialization "Automation and process control". He came to the market five years ago. As a basis of trade he uses indicator «Murray levels» , also prefers the classical technical analysis.

EUR/USD: a slight rebound is expected

Leonid Varfolomeev

During the last week the price was fallingl rapidly, breaking the strong support at the level of 4/8 (1.1475). Return to STD1, after the next intersection of STD1 with STH4 is a good buying opportunity. Besides, STH4 has changed colour, therefore you can expect growth at least to the level of 4/8. But the option of the possibility of the pattern 6/8 (1.1597) - 2/8 (1.1353) and a further drop to 2/8 is also not excluded. For this, the pair should again go below 3/8. 

Trade Recommendation: 

Buy – 1.1430; sl – 1.1388; tp – 1.1475. 


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