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Still moving inside the corridor (3/8 - 5/8)

29 September 2016, EUR/USD

Still moving inside the corridor (3/8 - 5/8)

The four-hours chart EURUSD. Pair hadn’t important changes yesterday. Pair has tried to go out from horizontal corridor breaks through the bottom line but it wasn’t successful. Pair has upwards bounce and now we are expecting pair growth from bottom line to the upper line into the corridor of horizontal range (3/8 – 5/8). Price moving could be long into the range of corridor. This possibility would be canceled if pair breaks through and consolidate above upper or under bottom limits of the corridor.

Trading decisions: hold yesterday deals on buy with aim on 1.1261 (5/8) level.

Nikolay Krishtopov
FreshForex Analyst
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