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Bulls are resisting

11 May 2016, EUR/USD

Four-hours chart of EURUSD. Over the last few days, volatility dropped a lot. In the near future Murrey levels are going to be redrafted. At the moment, no fundamental changes have occurred. The advantage and initiative belongs to bears, although bulls also achieved some success and have made it clear that they intend to defend their positions. We expect drop to 1.1353 (2/8)

Trading solutions: Look for Sell options on the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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