Yesterday we could observe nothing but the sideway movement on the Euro. Today we have a lot of news and more likely that the Euro will go out of this flat. The early morning conditions will have an impact on the daily trend. The demand is equal to the offer in the flat. At these moments, the slightest fluctuations, which make the unbalance between demand and offer, are reaching a decision and the price breaks out of the channel.
Trading recommendations:
wait for the morning conditions formation and then enter into the triangle\'s breach.
I recommend to enter for purchasing, the targets are 1.4686, 1.4714, 1.4828.
Alternative:
- the break out of 1.4585 and the sale with the target at 1.4505 respectively.
![Fractal analysis of the EUR/USD currency pair](\"https://forex-images.ifxdb.com/userfiles/евро1512.png\")
Kind regards,
Analyst: A. Portnov.
