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Trying to consolidate above the level of (2/8)

Trying to consolidate above the level of (2/8) | 27 July 2015

27 July 2015, EUR/USD

Trying to consolidate above the level of (2/8)

4-hours' chart of EURUSD. The pair broke the intermediate level resistance (2/8) and now is trying to gain consolidate above this level. If it succeeds in this attempt, in the future we can expect a resumption of the upward movement of this currency pair. This option will be cancelled by return of the price under the level (2/8), and current breakthrough will be considered by us as false. < / p>

Nikolay Krishtopov
FreshForex Analyst
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