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Bulls don’t give up

17 March 2016, EUR/USD

 Bulls don’t give up

The four-hours chart EURUSD. EUR has made stronger and bulls used the situation on news market and could return positions, which was lost after four latest trading days. Last days situation isn’t good for buyers so pairs growth technically isn’t reasonable. Now pair trade on main resistant/support level (4/8). This is the strongest level into the system and I don’t think that price can easily going through it. The main possibility is correction down pullback where the four-hours Supertrend line will be support level. If bulls are serious they should hold this level.

Trading decisions: buy from the four-hours Supertrend line

Nikolay Krishtopov
Analyst of «FreshForex» company
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