Stuck in the flat | 25 مارس 2016
25 مارس 2016, EUR/USD
The four-hours chart of EUR USD. The pair is between two Supertrends lines, the daily and four hours line. Given the fact that today the holiday in many countries, we have low volatility for the pair and most likely we will not see the price exiting the local flat. As for the medium run, most likely the downward movement will continue. An additional signal would be breakdown of the Daily SuperTrend line from top to bottom. In turn, to recover their positiosn, bulls at least need to gain a foothold above the four-hours Supertrend line, only after that we can consider growth of the pair.
Trading Solutions: no
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.
