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EUR/GBP 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EUR/USD 1H Chart: Channel Up Comment: From the technical perspective, the Euro is likely to gain value during the next several days. First of all, the most popular currency pair has broken the eight-month down-trend resistance line, which exposed 1.15. Secondly, the price has already managed to form a channel, within the boundaries of which it is expected to ascend to the October 2015 high. Thirdly, the technical indicators, both in the four-hour and daily charts, are mostly pointing north. In

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