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The price is going on moving in the channel

12 February 2016, EUR/USD

The price is going on moving in the channel

The four-hours chart EURUSD. Aim on (+2/8) level has been achieved. As a result, we can see Murrey levels redrafting. Now price has bounced down off the (5/8) level. This level could have an influence on the price if it is side movement into the channel (3/8 – 5/8). There are all prerequisites for this on the chart. So we are expecting price decrease to (3/8).

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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