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 will go to the lower border of the flat

Crossing STD1 with STH4 was held, both of which ST have bearish color. It is a major signal to decrease. The goal is lower boundary of the channel 3/8 (1.1169) - 5/8 (1.1292), ie the level  3/8. The level 4/8 (1.1230) has been broken a few times, so an attempt to gain a foothold above it, most likely, will not prevent the bearish scenario. As long as there are no preconditions for growth and everything points to the fact that the price will test again the mark at 3/8 (1.1169).

Trade recommendation:

Sell – 1.1290; sl – 1.1340; tp – 1.1180. 

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