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EUR/USD: the initiative on the side of buyers

EUR/USD: the initiative on the side of buyers | 07 June 2016

07 June 2016, EUR/USD

EUR/USD: the initiative on the side of buyersFour-hourly chart EUR/USD: The pair is consolidating at the level of (5/8). While bears were unable to demonstrate anything significant. Bulls easily manage to keep the pair and even a bit to go through Friday’s maximum. Therefore, a priority is still considered as a variant with increasing the pair. The next significant support traditionally in such cases is on the line four-hourly SuperTrend. And the closest resistance level is far enough, at the mark 1.1475 (6/8). Trading solutions: looking for purchases in the area on the line of the four-hourly SuperTrend 1.1320 with the closest goal at the level of 1.1475 (6/8).

Nikolay Krishtopov
FreshForex Analyst
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