The pair is held in a horizontal channel | 16 September 2015

16 September 2015, EUR/USD

The pair is held in a horizontal channel

The four-hours chart of EURUSD. The price could not break through the upper border of horizontal channel (3/8 & ndash; 5/8). Accordingly, the main expectation is continuation of flat within the borders of the above indicated channel. This option will be cancelled by breakdown and consolidation of the price on one of the borders of the channel.

Trade Solutions: No


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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