Still moving in channel (3/8 - 5/8) | 24 June 2015
24 June 2015, EUR/USD
.png "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.
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.
