Expecting buyers at the level (4/8) | 21 مارس 2016
21 مارس 2016, EUR/USD
Four-hours chart of EUR USD. From the level of (5/8) the price has made a downward bounce, but it is too early to talk about beginning of flat, since this decline was caused by technical correction to the previous local High. At the moment the price is testing support on the four-hours SuperTrend Line. Bulls are better to retain this level not to lose momentum, but it seems they can not be around. A more likely option is a deeper back to the level (4/8), and from this level the upward trend will resume. As we noted, the level (6/8) appears to be the medium-term goal for growth
Trading solutions: Buy the level of (4/8)
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.
