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Waiting when the price will hit level (7/8)

13 October 2015, EUR/USD

Waiting when the price will hit level (7/8)

The four-hours chart of EUR USD. The pair appears to be able to hold the level (6/8), and it continues to move upward. But it is necessary to pay attention to the level (7/8), which at the moment could become a serious obstacle for the price. And as we know, reversal at this level is a signal that the price would drop to the main support and resistance level (4/8).

Trade solutions: sales from the level of (7/8)

Nikolay Krishtopov
FreshForex Analyst
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