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Expecting the price on (5/8)

12 September 2016, EUR/USD

Expecting the price on (5/8)The four-hours chart EURUSD. The main support/resistance level couldn’t hold price on (4/8) level. As a result price has broken through this level, but bulls could rise price above this level on previous trading week. So we get one of signals to the possible flat movement in the horizontal corridor (3/8 – 5/8), so as a main we can observe possibility with pair growth to (5/8) level and then we are waiting for pair down bounce. This possibility would be canceled if price breaks through level and consolidates above upper or under bottom lines of corridor.

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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