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Movement within a horizontal channel continues

Movement within a horizontal channel continues | 11 September 2015

11 September 2015, EUR/USD

movement within the horizontal conduit continues

The four-hours chart of EURUSD. The pair continues to move within the horizontal channel (3/8 - 5/8). Currently, we have witntessed a rebound from the bottom of the price channel. So now are waiting the price near the upper border of the channel, whereupon it would be followed by a downward rebound. The price shall get to one of the borders of the channel to cancel this option.

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

Nikolay Krishtopov
FreshForex Analyst
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