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The pair is holding within the channel (3/8 - 5/8)

08 June 2015, EUR/USD

The pair is holding within the channel (3/8 - 5/8)

4 hours’ chart ofEURUSD.The pair is holding within the horizontal channel (3/8 – 5/8), so the main option is movement of the price along frames of the channel. But here we must note that thi movement will be short and can leave the channel. So, the main option will be cancelled by consolidation of the price on one of the boundaries of the channel.

Nikolay Krishtopov
FreshForex Analyst
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