The pair continues to consolidate in the field of resistance

24 July 2015, EUR/USD

The pair continues to consolidate in the field of resistance

pair continues to consolidate in the field of resistance

4 hours’ chart of EURUSD. The pair is consolidating in the resistance line formed by Day Supertrend line and the intermediate resistance level (2/8). As the main option, we still expect reduction of the price to the main support level (0/8). This option will be canceled if the price consolidates above the level (2/8).

Nikolay Krishtopov
FreshForex Analyst
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