manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Wait the price to hit level (6/8)

16 October 2015, EUR/USD

Wait the price to hit level (6/8)

The four-hours chart of EUR USD. The pair failed to consolidate above the level (8/8), and jumped down. Currently the pair is at the intermediate level of support (6/8), which can provide good support for the pair in its correctional movement. Therefore, the main option is the rebound of the price up on the level of (6/8). Therefore, in case of breakdown of the level (6/8) from the top to bottom, this option will be canceled.

Trading Solution: None

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .