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Expecting the price at (5/8)

15 September 2016, EUR/USD

EUR/USD: we are expecting price on level (5/8)

The four-hours chart EURUSD. Chart hasn’t important changes in the last day. Pair is continuing consolidation into narrow flat corridor near (4/8) level. Price has tried to go through upper limit but it hasn’t succeeded. Bulls are holding price in the upper part of flat corridor so the main possibility is a pair growth. The nearest aim locates on (5/8) level, so it is big possibility of continuing flat movement in more wide range (3/8 – 5/8).

Trading decisions: hold deals on buy. Goal is on the level 1.1292 (5/8)

Nikolay Krishtopov
FreshForex Analyst
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