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Bulls are loosing positions

06 September 2016, EUR/USD

Bulls are loosing positionsThe four-hours chart EURUSD. Pair couldn’t consolidate above the four-hours Supertrend line and continued decrease moving. The local support area locates above level (2/8) but now the situation isn’t good for buyers it is possible to down breakthrough of this level. The nearest aim for decrease is level 1.1108 (2/8). As alternative possibility we can observe correction growth of the pair in the weekly Supertrend line and from this level pair continues decrease moving.

Trading decisions: no

Nikolay Krishtopov
Analyst of «FreshForex» company
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