Expecting buyers at the level (4/8)

21 March 2016, EUR/USD

Four-hours chart of EUR USD. From the level of (5/8) the price has made a downward bounce, but it is too early to talk about beginning of flat, since this decline was caused by technical correction to the previous local High. At the moment the price is testing support on the four-hours SuperTrend Line. Bulls are better to retain this level not to lose momentum, but it seems they can not be around. A more likely option is a deeper back to the level (4/8), and from this level the upward trend will resume. As we noted, the level (6/8) appears to be the medium-term goal for growth

Trading solutions: Buy the level of (4/8)

Nikolay Krishtopov
FreshForex Analyst
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