Decline | 26 April 2016
26 April 2016, EUR/USD
Four-hours chart of EUR USD. Yesterday was the day of correction. Bulls pulled the price up it was not very good. Growth was very moderate and the price could not break any significant resistance area. Therefore, drop is our main expectation. The medium-term goal is the level of (2/8), but bears need to cross the mark (4/8) first. To demonstrate their power, bulls need to pierce and consolidate above the Day SuperTrend line, now it is the closest resistance level.
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.
