Expecting exit of the price from flat
16 September 2016, EUR/USD
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 KrishtopovAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us