Pressure on the pair is getting stronger | 08 April 2016
08 April 2016, EUR/USD
Four-hour chart of EUR USD. The pair fully met your expectations. We saw a slight update of the local High and a rather strong rollsback of the price down. In the current situation, drop is the most expected way. Sellers are pressing bulls to the four-hours Supertrend line. Previously, this level has been often broken from the top to bottom, but the price could not gain a foothold underneath. Next attempt gives bears more chances for success. Trading solutions: No
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.
