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Preconditions for further price movement in the channel (3/8 - 5/8)

Preconditions for further price movement in the channel (3/8 - 5/8) | 25 September 2015

25 September 2015, EUR/USD

Preconditions for further price movement in the channel (3/8 - 5/8)

The four-hours chart of EURUSD. As we noted in the previous review, there are two options for further development, and they direct depend on results of testing of the level (4/8). As you can see, as a result, the price broke through the first level from the bottom to the top, and then easily returned to this level. Earlier, the price jumped up from the line (3/8). We have a signal for continuation of the price movement within the channel (3/8 - 5/8).

Trade solutions : purchase from the level (3/8), sales from the level (5/8).

Nikolay Krishtopov
FreshForex Analyst
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