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The pair entered the corridor (3/8-5/8)

The pair entered the corridor (3/8-5/8) | 11 August 2015

11 August 2015, EUR/USD

The pair entered the corridor (3/8-5/8)

Four hourly chart the EURUSD. The pair broke the main support/resistance (4/8) level bottom-up after a long-time consolidation. After this the price, reached the (5/8), bounced from it and broke the level (4/8) again but from another side. We have all the signals to verify the price direction in the flat corridor (3/8 – 5/8). This variant is considered to be main one.

Nikolay Krishtopov
FreshForex Analyst
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