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Pair could stay in horizontal channel

Pair could stay in horizontal channel | 15 February 2016

15 February 2016, EUR/USD

Pair could stay in horizontal channel

The four-hours chart EURUSD. Pair has strongly bounced down from (5/8) level. Before this moment pair has gone up and down from (4/8) level several times. We have important prerequisites for further price movement into wide horizontal channel with (3/8 – 5/8) lines. Now we are expecting price decrease to bottom channel line (3/8) within the flat.

Trading decisions: sell from the four-hours Supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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