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The pair was not able to hold its position above (6/8)

The pair was not able to hold its position above (6/8) | 22 October 2015

22 October 2015, EUR/USD

The pair was not able to hold its position above (6/8)

The four-hours chart of EUR USD. The pair failed to consolidate above the level (6/8) and returned to this level. Uncertainty of the market. Decline of the pair is our main expectation. The first target is represented by the Weekly SuperTrend line. Consolidation of the price above the level (6/8) and the fourhours SuperTrend Line will cancel this option.

Trade Solutions: No

Nikolay Krishtopov
FreshForex Analyst
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