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Retest in the area of Supertrends' clusters

Retest in the area of Supertrends' clusters | 14 January 2016

14 January 2016, EUR/USD

Retest in the area of Supertrends' clusters

The four-hours chart of EUR USD. The pair did not get below and reversed up between the levels (0/8) and (1/8). Currently the pair is again testing the area of SuperTrend lines clusters. Most likely that after a short pullback the pair will continue moving up. Therefore, an alternative option is a rebound from the congestion area of SuperTrends and resumptio of the downward movement.

Trading Solutions: None

Nikolay Krishtopov
FreshForex Analyst
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