manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Stuck in the flat

25 March 2016, EUR/USD

The four-hours chart of EUR USD. The pair is between two Supertrends lines, the daily and four hours line. Given the fact that today the holiday in many countries, we have low volatility for the pair and most likely we will not see the price exiting the local flat. As for the medium run, most likely the downward movement will continue. An additional signal would be breakdown of the Daily SuperTrend line from top to bottom. In turn, to recover their positiosn, bulls at least need to gain a foothold above the four-hours Supertrend line, only after that we can consider growth of the pair.

Trading Solutions: no

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .