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The level (6/8) could not hold the price

20 October 2015, EUR/USD

The four-hours chart of EUR USD. After a long consolidation on the level (6/8), the pair has broken this mark. Now, this level acts as resistance level for the price. Therefore, decline of the pair is a major expectation. Return of the pair above the level (6/8) will cancel this scenario.

Trading Solutions: No

The level (6/8) could not hold the price

The four-hours chart of EUR USD. After a long consolidation on the level (6/8), the pair has broken this mark. Now, this level acts as resistance level for the price. Therefore, decline of the pair is a major expectation. Return of the pair above the level (6/8) will cancel this scenario.

Trading Solutions: No

Nikolay Krishtopov
Analyst of «FreshForex» company
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