От: Dima Chernovolov

EUR/USD continues to rise inside the 4-hour Up Channel chart pattern which was recently identified by Autochartist. Autochartist оценивает качество этого канала вверх на уровне 6-бара - который является результатом медленного Начального Тренда (2 брусья), средняя Однородность (5 брусья) и максимальная Ясность (10 брусья). EUR/USD is expected to rise further inside this Up Channel – in line with the earlier upward reversal from the support area shown below.

As can be seen from the daily EUR/USD chart below – the price earlier reversed up from the support area located between the support level 1.1710 (which stopped the previous short-term correction at the start of August) и 38.2% Fibonacci retarcement of the sharp upward impulse from June. The proximity of this support area and the strength of the active daily uptrend increase the probability EUR/USD will continue to rise inside this Up Channel.

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