Bears are holding the price in the oversoldness area | 24 May 2016
24 May 2016, EUR/USD
Four-hours chart of EURUSD. Bulls managed to hold the price in the oversoldness area. They do not let the price to get above (0/8), which borders its exit. Medium-term scenario is drop. In this case, the goal is (-2/8). Within the narrow outset between (-1/8) and (0/8) it is quite difficult to predict the future price movement
Trading solutions: Yesterday's sales were intraday, so its target (support - SuperTrend weekly line), has been reached. If the trade was not closed, we can shift the stop to breakeven. New attempts to enter the market are better to do after a false break of 1.1230 mark (0/8)
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.
