Day: December 11, 2011

Channel Pattern on EUR/USD @ H4 Chart

EUR/USD has formed a rather nice sloping channel pattern on the H4 chart. It consists of only 6 trading days but the price has already touched the channel lines 6 times. During the next few days a breakout is possible. This descending channel is 175 pips high. I would consider a real breakout if the price penetrates a level set at the upper border of the channel plus 10% of channel height […]