Thu, 20 Mar 2014 12:49:55 GMT
EUR/USD 4H Chart: Channel Up
The single currency has been appreciating versus the greenback since July 2013. However, after hitting 1.3967 on February 13, the pair began moving to the south, suggesting it is either a correction before another rally, or a beginning of the downside trend. Vast majority (66%) of Dukascopy traders are holding short positions on the pair and actually they were doing