Bears are passive | 03 May 2016

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
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .