GBP/USD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/CHF 4H Chart: Rectangle Comment: EUR/CHF is in a good position to lunge forward. And while the emerging channel is weak, the manner in which the currency pair has been consolidating recently speaks in favour of a rally. There is a solid support area near 1.0920, and it should be able to trigger intensive buying. If the price indeed manages to climb over 1.0960, the next target will be the upper boundary of the potential channel at 1.1020. Then, after a bearish correction, we may expect a

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