Bulls are resisting | 11 May 2016
11 May 2016, EUR/USD
Four-hours chart of EURUSD. Over the last few days, volatility dropped a lot. In the near future Murrey levels are going to be redrafted. At the moment, no fundamental changes have occurred. The advantage and initiative belongs to bears, although bulls also achieved some success and have made it clear that they intend to defend their positions. We expect drop to 1.1353 (2/8)
Trading solutions: Look for Sell options on the four-hours SuperTrend line
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.
