The level (6/8) could not hold the price | 20 October 2015

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


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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