Bears control the situation | 15 August 2016

15 August 2016, EUR/USD

Four-hours chart of EURUSD. Bulls have made another (yet failing) attempt to gain a foothold above (6/8). At some point, they could even cross (1/8), but bears were quick to come, and the price has returned to (6/8). The main plan is decline. A slight upward pullback is possible from current positions, but not higher the Weekly SuperTrend line, whereupon we should wait for a new descending wave.

Trading solutions: sell from Weekly SuperTrend line 1.1182 with a view on the main level of support and resistance 1.1108 (4/8)

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus