Still moving in channel (3/8 - 5/8) | 24 Junio 2015

24 Junio 2015, EUR/USD

Still moving in channel (3/8 - 5/8)

4 hours’ chart of EURUSD. The pair was not able to consolidate above the level (5/8) and in result of decline it has forced the strongest level in the system (4/8). By now we can state that the price has returned to a horizontal channel (3/8 – 5/8). This scenario remains to be the main one until the price is able to consolidate above either under one of borders of the channel.

Nikolay Krishtopov
Analista de la empresa" FreshForex
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