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The price is to leave the channel (3/8 - 5/8)

The price is to leave the channel (3/8 - 5/8) | 17 September 2015

17 September 2015, EUR/USD

We are waiting for the price to leave channel (3/8 - 5/8)

The four-hours chart of EURUSD. The pair continues to move within the borders of the horizontal channel (3/8 - 5/8). But it is worth to pay attention to respond of the price to the main support / resistance level (4/8), it has obsiusely bounced up from it. It is a prerequisite for exit of the price beyond the channel. We are waiting for breakdown of the level (5/8).

Trade Solutions: No

Nikolay Krishtopov
FreshForex Analyst
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