Bulls are loosing positions | 06 September 2016
06 September 2016, EUR/USD
The four-hours chart EURUSD. Pair couldn’t consolidate above the four-hours Supertrend line and continued decrease moving. The local support area locates above level (2/8) but now the situation isn’t good for buyers it is possible to down breakthrough of this level. The nearest aim for decrease is level 1.1108 (2/8). As alternative possibility we can observe correction growth of the pair in the weekly Supertrend line and from this level pair continues decrease moving.
Trading decisions: 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.
