Movement within a horizontal channel continues | 11 سبتمبر 2015

11 سبتمبر 2015, EUR/USD

movement within the horizontal conduit continues

The four-hours chart of EURUSD. The pair continues to move within the horizontal channel (3/8 - 5/8). Currently, we have witntessed a rebound from the bottom of the price channel. So now are waiting the price near the upper border of the channel, whereupon it would be followed by a downward rebound. The price shall get to one of the borders of the channel to cancel this option.

solutions: buy from the 1.1108 level (3/8), sell from 1.1353 (5/8).

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.

يشارك

Facebook

Twitter

Nikolay Krishtopov

محلل شركة FreshForex

FreshForex is a brand with a 20-year history, providing access to online trading for clients from 158 countries worldwide.
The company’s services are intended for adult users. If the use of these services violates local laws, you must immediately leave the website. The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage involves significant risks and may result in both profits and losses. Potential losses are limited to the amount of funds deposited. Before deciding to trade, clients should assess their risk tolerance, experience level, and knowledge.
We use cookies to improve your experience on our website.