Still moving in channel (3/8 - 5/8) | 10 June 2015
10 June 2015, EUR/USD
4 hours’ chart of EURUSD. For the last 24 hours, no significant changes has taken place on the chart. The pair is still based in a horizontal channel (3/8 – 5/8). Core option also remains the same: continuation of movement within this channel. Only when the price manages to consolidate on one of the boundaries of this channel, this option will be cancelled. Until that, boundaries of this channel represent strong levels of support and resistance, whereas the level (4/8) no longer impacts on the price.
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.
