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

13 May 2015, EUR/USD

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

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

4 hours’ chart of EURUSD. The sideways movement continues into price channel of (3/8 – 5/8). Thus, the borders of this channel are the strong support and resistance levels. They limit the price movement. And (4/8) level is repealed. At the same time, the further targets can be occurred only after the price breaking the channel.

Nikolay Krishtopov
Analyst of «FreshForex» company
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