The pair continues to consolidate in the field of resistance | 24 July 2015

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
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .