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The situation has changed a lot

28 April 2016, EUR/USD

Four-hours chart of EURUSD. During the day, the situation had changed significantly. At the moment, it is clear that bears are not able today to take a decisive action. Bulls managed to hold the support area formed by the SuperTrend lines. Now most likely we will see a fairly strong growth. If we consider the situation in the medium run, growth to (7/8) is the most likely as well as a rollback followed by formation of the reversal pattern targeting the top level of support and resistance (4/8). But this is in the medium-term, today we expect growth

Trading solutions: close yesterday's sales on the level of (6/8) at the current price

Nikolay Krishtopov
FreshForex Analyst
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