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Expecting the price at (3/8)

27 September 2016, EUR/USD

EUR/USD: We are waiting price on(3/8)level

The four-hours chart EURUSD. After long consolidation pair has broken through the main support/resistance level (4/8). But now we have possibility of further price moving into the range of horizontal corridor (3/8 – 5/8), earlier price has bounced from upper and bottom limits of corridor ignoring level (4/8). We are observe possibility with price decrease as a main possibility into the limits of this script. The aim is bottom limits of corridor (3/8). This possibility would be canceled if price breaks through level (5/8).

Trading decisions: no

Nikolay Krishtopov
FreshForex Analyst
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