Bears control the situation | 15 August 2016
15 August 2016, EUR/USD
Four-hours chart of EURUSD. Bulls have made another (yet failing) attempt to gain a foothold above (6/8). At some point, they could even cross (1/8), but bears were quick to come, and the price has returned to (6/8). The main plan is decline. A slight upward pullback is possible from current positions, but not higher the Weekly SuperTrend line, whereupon we should wait for a new descending wave.
Trading solutions: sell from Weekly SuperTrend line 1.1182 with a view on the main level of support and resistance 1.1108 (4/8)
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.
