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The initiative belongs to sellers

10 May 2016, EUR/USD

The four-hours chart of EURUSD. Bears continue to push the price down slowly but surely. There is no strong opposition from bulls. The nearest intraday target for drop is (2/8). The medium-term goal is the main support level (0/8). Resumption of growth should be considered only if the price consolidates above the four-hours-Supertrend Line.

Trading solutions: Looking for Sell options from the four-hours-Supertrend Line

Nikolay Krishtopov
FreshForex Analyst
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