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Levels redrafted

29 March 2016, EUR/USD

Levels redrafted

Four-hours chart of EUR USD. Reduced volatility led to redraft of the Murrey levels that got narrowed. The pair is currently going through correcting from support on the line SuperTrend Daily line. But as we see, bulls failed to take the main resistance level (8/8). They were not even able to pull the price to this level. So, at the moment the primary option is drop of the pair. At the same time, it is likely that today's news background will help bears to force support on the Supertrend Day line and they will continue to push the price down. Stop here is expected around (6/8)

Trading solutions: Sales from current levels:

Nikolay Krishtopov
FreshForex Analyst
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