The upper border of channel is pressed more

11 June 2015, EUR/USD

The upper border of channel is pressed more

4 hours’ chart of EURUSD. The pair is still remaining in a horizontal channel (3/8 – 5/8), but pressure on the upper border is getting stronger and probability of breaking of this level is increasing. In this case, the next target for growth of the pair will be 1.1475 (6/8). Another option is continuation of movement within this channel.

Nikolay Krishtopov
FreshForex Analyst
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