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We shall expect the price on the level (2/8)

06 May 2016, EUR/USD

We shall expect the price on the level (2/8)

Four-hour chart of EURUSD. The pair dropped almost without pullbacks. Following to a brief consolidation, bears forced support at (4/8) and caught up with the price on the next local support - SuperTrend Daily line. But so far it is clear that buyers would defend this level fiercly. Therefore, this level is very likely to be broken from top to bottom on current position. The next stop would be (2/8). Growth is not considered.

Trading solutions: Sell from the four-hours line of SuperTrend

Nikolay Krishtopov
FreshForex Analyst
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