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Bulls are holding price above (4/8) level

Bulls are holding price above (4/8) level | 22 March 2016

22 March 2016, EUR/USD

Bulls are holding price above (4/8) level

The four-hours chart EURUSD. As we expected after long consolidation pair has broken through the four-hours Supertrend line. This fact hasn’t improve bulls positions. Now price is testing the most strongest level in the system (4/8), from this level bulls must take the initiative because if bulls loss the strongest level in the system it would be harder to carry on growth. After break through and price consolidation under (4/8) level bears start to activate.

Trading decisions: buy from (4/8) level

Nikolay Krishtopov
FreshForex Analyst
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