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Bulls are not convincing

Bulls are not convincing | 01 June 2016

01 June 2016, EUR/USD

Four-hours chart of EURUSD. Bulls failed to hold the price in resistance area formed by the daily and weekly SuperTrend lines. Nevertheless, the chances of achieving these objectives are still there, but buyers must return the price above the four-hours SuperTrend Line. If it does not happen, we will be waiting a deeper decline from current levels. Reversal and growth are not considered.

Trading solutions: Still waiting for the correction to the day SuperTrend line 1.1175 and sell from it. The goal of drop is 1.0986 (2/8)

Nikolay Krishtopov
FreshForex Analyst
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