EUR/USD H1 Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank
EUR/USD continues downside move within a broad channel of nearly 300 pips. The pattern started to form on December 29 and contains 257 bars on H1 chart. The quality of the pattern is 57%, because the price has struggled to reach the support line at around 1.2496 level and changed the direction at 1.2619.

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Thu, 19 Jan 2012 06:36:06 GMT

GBP/USD 1H Chart: Channel Down

The pair has formed a large bearish channel pattern with 100% magnitude. The price has been fluctuating within a downside channel since December 21 and currently the pattern contains 411 bars on H1 chart. If the price have a third top reversal point the quality of the pattern will likely increase by 15-20%.

Fri, 13 Jan 2012 18:34:58 GMT

GBP/USD H1 Chart: Falling Wedge

The pair has formed a falling wedge pattern on H1 chart. There is a downward price trend bounded by two intersecting down-sloping trendlines. Decreasing volatility indi-cates the uncertainty about the further price move and traders will likely wait for the pattern breakout to set P/L levels.

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