EUR/NZD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/JPY 4H Chart: Channel Down Comment: The Euro is set to decline. Not only did the pair form a well-defined bearish channel, but it has already managed to break some of the major supports, such as the nine-month falling line and the 2015 low. The target is now the 2013 February minimum at 118.80, while the upside is limited by the upper boundary of the channel at 124.20. Additional significant supply area is circa 125 yen, represented by the February 25 high and the recently broken line. The

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