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An attempt to get of horizontal channel

24 April 2015, EUR/USD

Decline of the price within horizontal channel (3/8 – 5/8) is considered by us as the main configuration.4 hours’ chart EURUSD.

An attempt to get of horizontal channel At present moment, the pair is making an attempt to get of horizontal channel (3/8 – 5/8). An upper boundary of channel was broken, but it is too early to talk about the price leaving flat. To confirm this leave, we need to wait until the price gets consolidated above the point (5/8). Until it happen, decline of the price within movement in horizontal channel (3/8 – 5/8) is considered by us as the main configuration.

Nikolay Krishtopov
FreshForex Analyst
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