Testing the strongest level in the system | 25 April 2016
25 April 2016, EUR/USD
Four-hours chart of EUR USD. Bears managed to push a strong and important support area based on the SuperTrend Day line. Thus, the primary plan is decline of the pair. The pair has currently stopped on the main level of support / resistance (4/8). It is the strongest level in the system, which is not so easy to cross. From this level, bulls can lift the price, but most likely they will not be able to hold it for a long time. In the near future, we will see a breakthrough of this level, maybe not today. 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.
