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The pair is being consolidated in a narrow corridor

The pair is being consolidated in a narrow corridor | 14 September 2016

14 September 2016, EUR/USD

EUR/USD: pair consolidates in narrow corridor

The four-hours chart EURUSD. Pair is continuing to consolidate in narrow horizontal corridor with center on the main support\resistance level. Now situation is quite uncertain. Price could go through flat in upper or down direction. Possibility with price rising has small advantage. As the main possibility we are considering possibility with pair growth. This possibility would be canceled if pair breaks through current local minimum on 1.1197 level.

Trading decisions: hold yesterday deals on buy. Aim is remaining on 1.1292 level. (5/8)

Nikolay Krishtopov
FreshForex Analyst
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