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Bulls manage to keep their positions

Bulls manage to keep their positions | 05 April 2016

05 April 2016, EUR/USD

Four-hours chart of EUR USD. No significant changes over the last day. The pair is consolidating in the narrow range. As long as buyers easily manage to keep the price above the four-hours line of Supertrend, we expect growth. The nearest goal for growth - (6/8). To make the price drop, bears will need at least push the level and gain a foothold below the four-hours line of Supertrend. Only then can we seriously consider scenario of decline

Trading solutions: Keep yesterday's purchases from the four-hours line of Supertrend

Nikolay Krishtopov
FreshForex Analyst
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