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The pair is held in a horizontal channel

16 September 2015, EUR/USD

The pair is held in a horizontal channel

The four-hours chart of EURUSD. The price could not break through the upper border of horizontal channel (3/8 & ndash; 5/8). Accordingly, the main expectation is continuation of flat within the borders of the above indicated channel. This option will be cancelled by breakdown and consolidation of the price on one of the borders of the channel.

Trade Solutions: No

Nikolay Krishtopov
FreshForex Analyst
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