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The situation is still very uncertain

The situation is still very uncertain | 18 April 2016

18 April 2016, EUR/USD

Four-hours chart of EUR USD. The main support / resistance level (4/8) held the price from a deeper decline. It is too early to reverse up again. Overall situation remains very uncertain. Today we do not expect a great volatility and directional movement. The key support for bulls is now the level (4/8). If they fail to hold this level, in the future we will see drop to the level of (3/8). If they manage to hold this level, in the near future we can again see the price at the level of (6/8)

Trading solutions: No

Nikolay Krishtopov
FreshForex Analyst
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