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Stuck in the flat

Stuck in the flat | 25 Maret 2016

25 Maret 2016, EUR/USD

The four-hours chart of EUR USD. The pair is between two Supertrends lines, the daily and four hours line. Given the fact that today the holiday in many countries, we have low volatility for the pair and most likely we will not see the price exiting the local flat. As for the medium run, most likely the downward movement will continue. An additional signal would be breakdown of the Daily SuperTrend line from top to bottom. In turn, to recover their positiosn, bulls at least need to gain a foothold above the four-hours Supertrend line, only after that we can consider growth of the pair.

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Nikolay Krishtopov
Analis perusahaan "FreshForex"
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