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Bears are passive

03 May 2016, EUR/USD

Bears are passive

Four-hours chart of EURUSD. Yesterday's goal (5/8) has been reached. Upon that, sellers do not show an intention to interfere. Support is the four-hours Supertrend line, from which we expect the price grow to the next target level (6/8). The situation will reverse only if the price consolidates below the four-hours Supertrend line.

Trading solutions: Keep yesterday's purchases

Nikolay Krishtopov
FreshForex Analyst
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