Bulls still manage to hold the price | 05 May 2016
05 May 2016, EUR/USD
Four-hours chart of EURUSD. Bulls continue to hold the line on the main level of support and resistance (4/8). It is the strongest level in the system that is not as easy to cross. Therefore, growth to (5/8) is the main plan. From this level, the price is expected to return to the level of (4/8). That will be followed by breakdown of the level from top to bottom.
Trading solutions: you can try to make intraday purchases on current levels with a short Stop Loss and Take Profit set a little higher yesterday's High. On the level (5/8) you can reverse down
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.
