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Retest of the level (8/8) is expected

Retest of the level (8/8) is expected | 25 August 2015

25 August 2015, EUR/USD

Retest of the level (8/8) is expected

The four-hours' chart of EURUSD. The pair continued its upward movement without pullbacks. At the moment, we witness a corrective rebound of the price from the main resistance level (8/8). But talking about turn of the pair is still too early. As the main option we expect retest of the level 1.1719 (8/8). Accordingly, this option will be canceled in case of consolidation of the pair under the level (6/8).

Nikolay Krishtopov
FreshForex Analyst
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