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Approached the strongest level of system

11 March 2016, EUR/USD

 Pair has gone to the strongest level of system

The four-hours chart EURUSD. Yesterday pairs surprised both bulls and bears. We saw unsuccessful possibility of breaking through (1/8) level, bounce from this level could set next goal on main support/resistance level (4/8). As a result, in spite of big distance, pair could reach turn pattern in one trading day. But in spite of this growth, uncertainty on market is very big. I think pair could return and start retest (1/8) level. In this situation it is more possible that a corrective downward pullback will be. In this situation, the first target is four-hours Supertrend line from this level price could start rising. Alternative possibility is return to (1/8) level, but it can happen the next rading week.

Trading decisions: sell from current levels to four-hours Supertrend line and price rising after reaching this level.

Nikolay Krishtopov
Analyst of «FreshForex» company
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