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Situation remains uncertain

Situation remains uncertain | 14 March 2016

14 March 2016, EUR/USD

Situation remains uncertain

The four-hours chart EURUSD. Last trading day of past trading week hasn’t made evidence about further medium-term direction of price movement. From the one hand, we can see strong decrease from the strongest resistance level (4/8) in the system. It remains bearish possibility for decrease movement. On the other hand pair hasn’t broke through the four-hours Supertrend line and it is shown on good bulls condition. However in my opinion bears are stronger so the main possibility is pair decrease.

Trading decisions: if you haven’t closed deals on weekends continue selling with stop on 1.12 level

Nikolay Krishtopov
FreshForex Analyst
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