Coming down to 1.05 is the main option | 22 April 2015
22 April 2015, EUR/USD
The pair Euro/US dollar continues its movement along the boundaries of the blue alpha channel. The price is passing through a rather complicated correctional area with a minor volatility. It is obvious that bulls are exhausted but bears show no signs to start an active attack. Therefore, we witness a sluggish movement of the pair which rather reminds a flat correctional movement. In this situation the main option for the pair is to get down further to its previous Low to the point 1.05.
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.
