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Bears are relaxed

Bears are relaxed | 19 April 2016

19 April 2016, EUR/USD

Four-hours chart of EUR USD. As you can see, bulls managed to not only keep the price on the main level of support / resistance (4/8), but also to push it from this level quite well. Therefore, resumption of growth is the most relevant plan. If we look at local levels from the current position, most likely we will see a corrective pullback to the lines where the four-hours and daily SuperTrend lines are mrged. From this area of support we can expected more decisive and rapid action on the part of buyers.

Trading solutions: purchase from the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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