Trying to consolidate above (8/8) | 15 October 2015

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


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Nikolay Krishtopov
FreshForex Analyst
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