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The pair continues moving inside the corridor (3/8 - 5/8)

The pair continues moving inside the corridor (3/8 - 5/8) | 30 September 2016

30 September 2016, EUR/USD

EUR/USD: Pair continues moving into corridor (3/8 - 5/8)

The four-hours chart EURUSD. Chart hadn’t important changes. Pair continues moving into limits of horizontal corridor (3/8 – 5/8). Price hasn’t broken through bottom limit of flat corridor. As the main priority we consider possibility with price moving into horizontal corridor. This possibility would be canceled if pair breaks through and consolidates above one of the limits of flat corridor. Price exit from the corridor would be important event for further forecast.

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

Nikolay Krishtopov
FreshForex Analyst
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