The situation has changed a lot | 28 April 2016

28 April 2016, EUR/USD

Four-hours chart of EURUSD. During the day, the situation had changed significantly. At the moment, it is clear that bears are not able today to take a decisive action. Bulls managed to hold the support area formed by the SuperTrend lines. Now most likely we will see a fairly strong growth. If we consider the situation in the medium run, growth to (7/8) is the most likely as well as a rollback followed by formation of the reversal pattern targeting the top level of support and resistance (4/8). But this is in the medium-term, today we expect growth

Trading solutions: close yesterday's sales on the level of (6/8) at the current price


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.
Nikolay Krishtopov
FreshForex Analyst
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