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: The bearish trend remains in force

After a perfect rebound from merger STH4 with the level 0/8 (1.1230), the pair made a pullback to the area of STD1. Securing above STH4 is not enough to talk about a possible increase above the level of 0/8. However, full testing of the above levels is likely. But given the still descending trend with the corresponding color of both ST, the target at the level -2/8 (1.1108) is the most likely scenario. The fall could happen at the current mark.

Trade recommendations:

Sell – 1.1180; sl – 1.1235; tp – 1.1110.

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