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The pair reached (6/8) level

12 August 2015, EUR/USD

The pair reached (6/8) level.

The pair reached (6/8) level

The EURUSD four-hour chart. This pair was not able to move in (3/8 – 5/8) channel. It went out from this channel and continued upward trend. Now the EURUSD is reaching (6/8) mark, which is a strong resistance. So, a rollback is expected to appear here. And if the pair breaks this level, there will be a upward trend continuation here.

Nikolay Krishtopov
FreshForex Analyst
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