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Price is still in horizontal channel (3/8 – 5/8)

22 April 2015, EUR/USD

Price is still in horizontal channel  (3/8 – 5/8) Look at 4 hours’ chart EURUSD. The chart shows no significant changes. The pair continues to move within a horizontal channel (3/8 – 5/8). We will stick to this scenario as to the core plan. Only when price breaks through one of its boundaries and gets consolidated there, we can tell that flat movement has finished. That will determine further behavior of price in the middle run but only if movement within range (3/8 5/8) будет is durable.

Nikolay Krishtopov
Analyst of «FreshForex» company
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