EUR/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 274-hour long Channel Up pattern was formed by the most traded currency pair on September 19. EUR/USD attempted to breach the pattern for several times, once diving beneath the lower boundary to 1.3478, once soaring to more than a half-year high at 1.3647; however, the attempts were unsuccessful and the pair always returned back to the range formed by the pattern's lines. Currently, the currency couple is trying to break forth the pattern, approaching the lower boundary. Market players believe the pair may succeed this time, with the proportion of short positions being 51.94%.
© Dukascopy Bank SA
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