manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Bears are holding the price in the oversoldness area

24 May 2016, EUR/USD

Four-hours chart of EURUSD. Bulls managed to hold the price in the oversoldness area. They do not let the price to get above (0/8), which borders its exit. Medium-term scenario is drop. In this case, the goal is (-2/8). Within the narrow outset between (-1/8) and (0/8) it is quite difficult to predict the future price movement

Trading solutions: Yesterday's sales were intraday, so its target (support - SuperTrend weekly line), has been reached. If the trade was not closed, we can shift the stop to breakeven. New attempts to enter the market are better to do after a false break of 1.1230 mark (0/8)

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .