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.


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.
Nikolay Krishtopov
FreshForex Analyst
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