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The pair has consolidated within the horizontal channel

08 September 2015, EUR/USD

The pair has consolidated within the horizontal channel

The four-hours chart of EURUSD. The pair bounced up from the bottom of the horizontal channel (3/8). So, the main expectation is a further price movement within the frame of the channel (3/8 & ndash; 5/8). This movement will be disabled by break down and consolidation of the price on one of the borders of the channel.

solutions: buy from 1.1108 level (3/8), sell from 1.1353 (5/8) .

Nikolay Krishtopov
FreshForex Analyst
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