manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

A strong pullback

31 March 2016, EUR/USD

Four-hours chart of EUR USD. The pair broke the level (+2/8) and as a result we see that Murrey levels were redrafted. They were expanded. Currently the pair is below the level of (5/8). In this case we see an unsuccessful attempt of bulls to break through this level. The upward movement is losing momentum and from current position we expected a downward roll back. As usual, the first goal is the four-hours Supertrend line. If bulls want to continue to move to the top, they need to retain this local level of support. Otherwise we will see a stronger pullback to the area of ​​the main support and resistance level (4/8). This second option I regard as the basic for today

Trading solutions: Sales from 1.1348

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.