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

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

24 June 2015, EUR/USD

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

4 hours’ chart of EURUSD. The pair was not able to consolidate above the level (5/8) and in result of decline it has forced the strongest level in the system (4/8). By now we can state that the price has returned to a horizontal channel (3/8 – 5/8). This scenario remains to be the main one until the price is able to consolidate above either under one of borders of the channel.

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .