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Level (3/8) is holding price

18 February 2016, EUR/USD

Level (3/8) is holding price

The four-hours chart EURUSD. Price continues to hold on the level (3/8). Now the level (3/8) is a bottom line of horizontal channel (3/8 – 5/8). The main possibility is growth from bottom to the upper flat lines. This possibility will be changed if the price makes a breakthrough and consolidates under (3/8) level.

Trading decisions: buy from current levels

Nikolay Krishtopov
FreshForex Analyst
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