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Trying to consolidate above (8/8)

15 October 2015, EUR/USD

Trying to consolidate above (8/8)

The four-hours chart of EUR USD. The pair broke the level (7/8) from bottom to top, thereby canceling its drop to (4/8) and highlighting the option that yesterday was considered by us as an alternative. As you can see at the moment, the pair has reached the mark (8/8) and is now trying to gain a foothold above it. But the first attempt to do so will not be easy. So we expect a rollback to the four-hours SuperTrend line and a continued upward movement from that.

solutions: purchase from the four-hours SuperTrend line

Nikolay Krishtopov
FreshForex Analyst
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