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Pullback hadn’t happened so we expect drop

03 March 2016, EUR/USD

Pullback hadn’t happened so we expect drop

The four-hours chart EURUSD. We haven’t seen bounce from (1/8) level. Price is located under weekly and four-hours Supertrend lines which are resistance levels now. Price couldn’t break through this level. As a main possibility will be further pair decrease. The next aim is on (0/8) level.

Trading decisions: sell from line of the weekly Supertrend line

Nikolay Krishtopov
FreshForex Analyst
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