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The pair keeps moving in the channel (3/8 - 5/8)

12 May 2015, EUR/USD

The pair keeps moving in the channel (3/8 - 5/8)

H4 EURUSD. There were no significant changes on the chart over the last day. The pair is still within a horizontal channel (3/8 & ndash; 5/8). The price may be located in the sideways trend for a long time. The signal for the end of the outset will breakdown and fixing the price for one of the channel boundaries. Now the probability of breaking the channel bottom is slightly higher.

Nikolay Krishtopov
FreshForex Analyst
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