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We are disappointed by bulls

We are disappointed by bulls | 23 March 2016

23 March 2016, EUR/USD

We are disappointed by bulls

The four-hours chart EURUSD. Yes, I’m disappointed by bulls. Level (4/8) is broken through. Now price is trying to renew minimum of yesterday. Now there is no difficulty for continue decreasing. Next possible level where price could stay is on area of daily Supertrend line. Buyers couldn’t take initiative now from current levels, so the main possibility is pair decrease to the first aim on the daily Supertrend line.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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