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Bulls still manage to hold the price

05 May 2016, EUR/USD

Bulls still manage to hold the price

Four-hours chart of EURUSD. Bulls continue to hold the line on the main level of support and resistance (4/8). It is the strongest level in the system that is not as easy to cross. Therefore, growth to (5/8) is the main plan. From this level, the price is expected to return to the level of (4/8). That will be followed by breakdown of the level from top to bottom.

Trading solutions: you can try to make intraday purchases on current levels with a short Stop Loss and Take Profit set a little higher yesterday's High. On the level (5/8) you can reverse down

Nikolay Krishtopov
Analyst of «FreshForex» company
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