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EUR/USD: the initiative on the side of bulls

EUR/USD: the initiative on the side of bulls | 08 June 2016

08 June 2016, EUR/USD

EUR/USD: the initiative on the side of bulls
Four-hourly chart EURUSD. Over the past day, there are no fundamental changes on the chart. After a quite strong growth, bulls continue to hold the price pushing it up gradually. So, as a priority we still consider a variant with the increasing pair. The target is still the same — the level (6/8). To have an attention, bears need to break and to fix below the nearest level, which currently is four-hourly Super Trend line.
Trading solutions: still looking for purchases in the area of the four-hourly line of Super Trend 1.1342 with the nearest goal at the level of 1.1475 (6/8).
Nikolay Krishtopov
FreshForex Analyst
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