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The price failed to gain a foothold above the level of (2/8)

The price failed to gain a foothold above the level of (2/8) | 11 December 2015

11 December 2015, EUR/USD

The price failed to gain a foothold above the level of (2/8)

The four-hours chart of EUR USD. The pair failed to consolidate above the 1.0986 level (2/8). The pair returned to this level and now we can expect a further drop of the price to the level of 1.0986 (2/8). This option will be canceled in case of return of the price and its consolidation above the level of 1.0986 (2/8).

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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