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Today the pair will grow

Today the pair will grow | 29 April 2016

29 April 2016, EUR/USD

Four-hours chart of EURUSD. Meanhile the pair sticks to our expectations. But we need to make adjustments to the medium-term plan. So far, the situation in favor of buyers. Therefore, reversal at (7/8) is now considered by us as an alternative plan. The main plan is the medium-term growth with the target - the major level of resistance (8/8). Drop from (7/8) will be considered as the prior plan only in case of rebound from this level and consolidation below the four-hours SuperTrend Line.

Trading solutions: Buy from the four-hours SuperTrend Line, but only within the day, it is better not to leave the positions opened for weekends

Nikolay Krishtopov
FreshForex Analyst
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