Bears took the lead

14 April 2016, EUR/USD

Four-hours chart of EUR USD. Yesterday bears have forced down a key area of ​​support for bulls, thus changing the balance of power dramatically. After breakdown of the four-hours' line of SuperTrend, the pair has fallen deep. At the moment, the nearest goal is the main support and resistance level (4/8), but given the current situation, this level may broken from the top to bottom. Growth scenario is not considered, it will be possible only after the price consolidates above the SuperTrend Daily line

Trading solutions: Looking for selling options on a pullback line to the four-hours' line of SuperTrend

Nikolay Krishtopov
FreshForex Analyst
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