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Fifty fifty

12 April 2016, EUR/USD

50 на 50

Four-hour chart of EUR USD. Over the last night, no significant changes have happen on the chart. Buyers continue to hold the pair above the four-hours SuperTrend Line. Attempts of bears to drag the price down nipped in the bud. So, the main option remains the same, we expect growth targeting the level of (6/8), from where a strong downward pullback of the price is much likely. As an alternative option, I would consider a downward rebound from yesterday's High. There was formed a strong resistance, rebound from which call the likelihood of a surge to the level of (6/8) into question.

Trading solutions: sales from the level of (6/8)

Nikolay Krishtopov
FreshForex Analyst
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