We expect decline to the new boundary of horizontal channel | 23 أبريل 2015
23 أبريل 2015, EUR/USD
Four hours’ chart of EURUSD. For the last day this chart has not shown any significant changes. The pair is still consolidating around the level (4/8), which has lost its impact on price, because now the pair is based in horizontal channel (3/8 – 5/8). Flat can be over only when price leaves boundaries of horizontal channel and gets consolidated there. Taking into account a general tendency, we think that the most probable outcome is breaking of the bottom boundary of channel.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
