manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Price is moving into the range (3/8 - 5/8)

28 September 2016, EUR/USD

EUR/USD: Price is moving into the range (3/8 - 5/8)

The four-hours chart EURUSD. Firstly pair bounce upwards from 1.1200 (3/8) level, then we see price bounce from 1.1261 (5/8) level. Pair is ignoring the main support/resistance level (4/8). It is a signal for further price moving into range of horizontal corridor (3/8 – 5/8). We are waiting upwards price bounce from 1.1200 (3/8) level, which pair is testing according to the script. This script would be canceled if pair breaks through and consolidate above upper or under bottom limits of corridor.

Trading decisions: buy from level 1.1200 (3/8) with aim on 1.1261 (5/8) level.

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.