ClearEdgeFX

EURUSD - PRICE AT THE BOTTOM OF THE 4H CHANNEL

FX:EURUSD   Euro Fx/U.S. Dollar
123 0 6
This morning's impulsive move resulted in the price landing at the bottom of the channel that has been in place since the beginning of September. A break of the 1.1100 level would likely mean a re-test of 1.1000 and possibly 1.0850. On the other hand, we could see a bounce off the trendline with price reversing to 1.1500.

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