28 March 2016, EUR/USD

Four-hour chart of EUR USD. Over the recent time, volatility on this pair has dropped . At the moment, the pair continues to consolidate just above the Daily SuperTrend line. I do not think that bulls can retain this level for a long time, and in the medium term it will be broken from the top to the bottom. But from current positions we can expect a slight upward pullback. Moreover, if bears are still serious, above four-hours SuperTrend line they will show their teeth. If bulls manage to gain a foothold above the four-hours SuperTrend line, we may well see growth with the closest goal at the level of (4/8).

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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