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Wait the price to hit the level (2/8)

Wait the price to hit the level (2/8) | 27 October 2015

27 October 2015, EUR/USD

Wait the price to hit level (2/8)

The four-hours chart of EUR USD. The pair continues to consolidate on the fourhours SuperTrend line. Since we have not seen the downward rebound, a pullback to the line (8/8) is no longer considered by us as the major expectation. Probably now we can expect the break of the fourhours SuperTrend line and growth to the level of (2/8), from which can anticipate the new wave of decline.

Trade Solutions: no

Nikolay Krishtopov
FreshForex Analyst
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