Bulls are holding price above (4/8) level | 22 March 2016
22 March 2016, EUR/USD
The four-hours chart EURUSD. As we expected after long consolidation pair has broken through the four-hours Supertrend line. This fact hasn’t improve bulls positions. Now price is testing the most strongest level in the system (4/8), from this level bulls must take the initiative because if bulls loss the strongest level in the system it would be harder to carry on growth. After break through and price consolidation under (4/8) level bears start to activate.
Trading decisions: buy from (4/8) level
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
