manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Still moving in channel (3/8 - 5/8)

09 June 2015, EUR/USD

Still moving in channel (3/8 - 5/8)

4 hours’ chart of EURUSD. The pair is still moving within a horizontal channel (3/8 – 5/8). From the bottom boundary of the channel, the pair has approached the upper one, from where we shall expect a downward movement. If the price consolidates on one of the boundaries of the channel, this option wil be cancelled. Until that, boundaries of the channel represent strong levels of support and resistance, whereas the level (4/8) no longer impacts on the price.

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.