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Bears can take a short break

30 May 2016, EUR/USD

 The four-hours chart of EURUSD. Growth of volatility has made Murrey levels redrafted. They have greatly expanded. The pair is currently at the level of (3/8), which is unlikely to be able to hold the price. The situation is clearly not in favor of bulls. Therefore, the maximum they can expect right now is a correction in the area of ​​the resistance formed by the daily and weekly Supertrend lines. But it is on the local level, the medium outlook is only a downward one, at least now

Trading solutions: Sell from the daily SuperTrend line 1.1175 with the nearest goal at the level of (2/8)

Nikolay Krishtopov
Analyst of «FreshForex» company
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