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Testing the strongest level in the system

Testing the strongest level in the system | 25 April 2016

25 April 2016, EUR/USD

Four-hours chart of EUR USD. Bears managed to push a strong and important support area based on the SuperTrend Day line. Thus, the primary plan is decline of the pair. The pair has currently stopped on the main level of support / resistance (4/8). It is the strongest level in the system, which is not so easy to cross. From this level, bulls can lift the price, but most likely they will not be able to hold it for a long time. In the near future, we will see a breakthrough of this level, maybe not today.

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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