Buyers lost the initiative | 16 مارس 2016
16 مارس 2016, EUR/USD
The four-hours chart EURUSD. Pair has consolidated under of the four-hours Supertrend line. Pair couldn’t broke through this level. Bulls has finally lost the initiative and now possibility of pair return to (1/8) level is very possible. Further pair growth is possible after price consolidation above the four-hours Supertrend line. In this case bulls can return positions which were lost after last 3 trading days and retry to break through (4/8) level.
Trading decisions: hold sells
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
