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Bulls are holding positions

22 April 2016, EUR/USD

Four-hours chart EUR USD. Yesterday both bulls and bears surprised us. In the first half of the trading day, the situation had been developing as per the basic scenario. Bulls had been holding the price above the Day SuperTrend Line and pushed the price up. But upon reaching the new local High, bears seized the initiative and quickly returned the price back to the Day SuperTrend line. But at the same time, in the global look, the situation has not changed. Bulls still keep their support levels, none of them was forced by bears, so the main option for today remains the same.

Trading solutions: buy from the Day SuperTrend Line

Nikolay Krishtopov
FreshForex Analyst
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