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Pressure on the pair is getting stronger

08 April 2016, EUR/USD

Four-hour chart of EUR USD. The pair fully met your expectations. We saw a slight update of the local High and a rather strong rollsback of the price down. In the current situation, drop is the most expected way. Sellers are pressing bulls to the four-hours Supertrend line. Previously, this level has been often broken from the top to bottom, but the price could not gain a foothold underneath. Next attempt gives bears more chances for success.

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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