The pair has consolidated within the horizontal channel | 08 September 2015

08 September 2015, EUR/USD

The pair has consolidated within the horizontal channel

The four-hours chart of EURUSD. The pair bounced up from the bottom of the horizontal channel (3/8). So, the main expectation is a further price movement within the frame of the channel (3/8 & ndash; 5/8). This movement will be disabled by break down and consolidation of the price on one of the borders of the channel.

solutions: buy from 1.1108 level (3/8), sell from 1.1353 (5/8) .


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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