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Bears are vanishing

18 March 2016, EUR/USD

Bears were not able to keep the price at the top support and resistance level (4/8). This level has been broken, thus bulls have discovered a new target - the level (6/8). Therefore, the major option for the near future is growth of the pair. The nearest level of support is the four-hours SuperTrend line. From it you can look for the entry point into Long. Given that today there is the last trading day of the week, the short-term is the current local High. Medium-term goals lie at the level of (6/8)

Trading solutions: Buy from the four-hours Supertrend line

Nikolay Krishtopov
FreshForex Analyst
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