Bears took the lead | 14 April 2016
14 April 2016, EUR/USD
Four-hours chart of EUR USD. Yesterday bears have forced down a key area of support for bulls, thus changing the balance of power dramatically. After breakdown of the four-hours' line of SuperTrend, the pair has fallen deep. At the moment, the nearest goal is the main support and resistance level (4/8), but given the current situation, this level may broken from the top to bottom. Growth scenario is not considered, it will be possible only after the price consolidates above the SuperTrend Daily line
Trading solutions: Looking for selling options on a pullback line to the four-hours' line of SuperTrend
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.
