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The price is expected to leave horizontal channel

12 April 2016, EUR/USD

The pair had spent another uncertain trading day and remained inside the ill-fated flat formed almost a week ago.

Since then, the price is moving from the top of its borders to the bottom piercing one of them from time to time.

However, as we know, the longer the price stays within the flat, the stronger its exit is.

According to the plan, and the scenario of expected drop, we assume that the wave was completed with a double zigzag of y.

Based on this I have opened a Sell trade with Stop Loss at a local High

Vasiliy Lukin
FreshForex Analyst
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