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.

Roman Petukhov
Analis perusahaan "FreshForex"
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