Wait the price to hit level (6/8) | 16 October 2015
16 October 2015, EUR/USD
.png "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
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.
