EUR/PLN 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Although EUR/PLN lacked a clear direction during several months, it managed to halt its sideways move in early December; the pair commenced a downside trend that led to a formation of the 108-bar long channel down pattern in mid-December. Being bounded by the pattern's trend-lines, the pair has been a subject to a heavy selling pressure that pushed EUR/PLN to almost a two-month low, near which the pair is trading now. In the foreseeable future, the currency couple may continue declining given bearishness on the market.
© Dukascopy Bank SA
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Tue, 24 Dec 2013 07:15:05 GMT

EUR/CAD 1H Chart: Channel Down

A sharp November's appreciation came to an end when the pair touched a three-year high on December 18 that became a start of the opposite trend; the currency pair commenced a sell-off, being trapped by two downward sloping lines. Despite the fact the pattern is relatively short, only 69-bar long, it has already erased some of the recent EUR/CAD gains,

Tue, 24 Dec 2013 07:14:43 GMT

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