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Expecting exit of the price from flat

Expecting exit of the price from flat | 16 September 2016

16 September 2016, EUR/USD

EUR/USD: we are expecting price exit from flat

The four-hours chart EURUSD. Pair is continuing consolidation into the narrow range around main support/resistance level 1.1230 (4/8). All tries to upper breakthrough the upper limit of this flat were failed and pair turned back into the range of corridor. The main possibility is pair growth because opportunity of break through upper line of flat corridor remains. The nearest aim for pair growth is 1.1292 (5/8) level.

Trading decisions: hold deals on buy. The aim remains 1.1292 (5/8) level

Nikolay Krishtopov
FreshForex Analyst
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