Today the pair will grow | 29 April 2016

29 April 2016, EUR/USD

Four-hours chart of EURUSD. Meanhile the pair sticks to our expectations. But we need to make adjustments to the medium-term plan. So far, the situation in favor of buyers. Therefore, reversal at (7/8) is now considered by us as an alternative plan. The main plan is the medium-term growth with the target - the major level of resistance (8/8). Drop from (7/8) will be considered as the prior plan only in case of rebound from this level and consolidation below the four-hours SuperTrend Line.

Trading solutions: Buy from the four-hours SuperTrend Line, but only within the day, it is better not to leave the positions opened for weekends


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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